Oracle is still much smaller than the big three cloud computing players ( Amazon, Alphabet, and Microsoft ), but it's growing faster than them. In its fiscal fourth quarter, which ended on May 31, the company reported 52% growth in cloud infrastructure to $3 billion, up 52% from the year before as it continued to see strong AI-related demand.

Oracle announced a new cloud agreement, and a Stifel analyst is freshly optimistic about the revenue opportunities ahead of the company.