Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Jabran Kundi

Oracle Just Strengthened Its Ties with AWS. Does That Make ORCL Stock a Buy Here?

Oracle (ORCL) and Amazon (AMZN) have come together to accelerate progress on one of their projects, namely building a private and high-speed connection between AWS Interconnect-multicloud and Oracle Cloud Infrastructure (OCI). The move is part of Oracle’s ambitions to deeply embed itself into the ecosystem of hyperscalers, making it a win-win scenario for all parties involved. 

Oracle benefits from this as it doesn’t try to compete with the likes of AWS, Alphabet’s (GOOGL) Google Cloud, and Microsoft’s (MSFT) Azure. Instead, it is positioning itself as a layer in the same ecosystem, so that it doesn’t have to force customers away from the strong hyperscalers. This also increases the company’s addressable market.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.