On Sept. 9, one of the world’s biggest tech stocks, Oracle (NYSE: ORCL), provided key information that blew investors away. Shares closed up by 36% on Sept. 10 in reaction to the company's earnings report. Leading to the stock’s meteoric gain was the 359% rise in Oracle’s remaining performance obligations, which increased to a momentous $455 billion. Now, the company thinks it can generate $144 billion worth of cloud infrastructure revenue in fiscal year 2030. That’s eight times higher than the $18 billion in cloud infrastructure revenue it expects in fiscal year 2025.
To meet the needs of Alphabet (NASDAQ: GOOGL), Amazon.com (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT) alone, Oracle is going to build an additional 37 data centers. When thinking about other stocks that can benefit from Oracle’s success, this is key. More data centers mean more purchases of everything used to make them. Below, we’ll dive into three under-the-radar stocks that could be huge winners from this.
