Oracle has inked a cloud services agreement valued at up to $30 billion annually, anticipated to commence in fiscal year 2028. This groundbreaking deal triples the size of Oracle's current cloud infrastructure business, positioning it as one of the most significant cloud services contracts ever recorded. Following the announcement, Oracle's stock price soared. In recent years, the company has firmly established its presence in the cloud computing market by attracting clients in the AI sector and now aims to further expand its market share and capital expenditures.