Strategic Intelligence Report
Generated July 29, 2026
Cloud Infrastructure
Oracle
Strategic importance is our editorial rating of how central this entity is to the technology landscape we track; confidence reflects how well-sourced and current the underlying evidence is.
3
Chokepoint Score
3 other entities structurally depend on this one
Accelerating
Activity
2 recorded changes in the last 90 days
Steady
Momentum
insider filing activity unchanged since last check
Headquarters
Austin, Texas, USA
Website
Employees
141,000 (FY2026 10-K (ended May 31, 2026))
Founded
1977
Listing
ORCL · NYSE
Market Cap
$345.37B
Revenue (TTM)
$67.36B
Price
USD119.9 (-1.22%)
Market data as of Jul 28, 2026, 11:21 AM · Source: Yahoo Finance (delayed). Not investment advice.
Overview
An enterprise software company turned major AI cloud infrastructure provider, whose roughly $300 billion, five-year cloud computing agreement with OpenAI anchors the $500 billion Stargate project, with 2026 capital expenditure reaching $55.7 billion against a $50 billion guidance. Oracle's roughly $300 billion, five-year cloud computing agreement with OpenAI anchored the $500 billion Stargate project, with 2026 capital expenditure reaching $55.7 billion.
Dependency Map
One hop in each direction — see Strategic Connections below for the full, sourced breakdown of every relationship.
Showing the 5 most direct connections per side — see the interactive Dependency Map on the live entity page for the full graph.
Strategic Connections
Dependency
- Cohere: Oracle is among Cohere's named enterprise accounts for deploying AI models.
- Supermicro: Oracle has been a Supermicro server customer but reportedly canceled 300-400 NVIDIA-based server racks in 2026, worth an estimated $1.05-1.4 billion.
- Advanced Micro Devices: Oracle is launching a publicly available AI supercluster powered by AMD Instinct MI450 Series GPUs, with an initial deployment of 50,000 GPUs starting Q3 2026.
- NVIDIA: Oracle depends on NVIDIA GPU supply for its AI training infrastructure, including data centers built around large NVIDIA GPU clusters.
- IBM: IBM and Oracle extended their partnership into its 40th year in 2026, adding new capabilities across agentic AI, hybrid cloud infrastructure and enterprise automation.
Supply Chain
- Meta: Oracle Cloud Infrastructure counts Meta among its major AI infrastructure customers, alongside OpenAI and NVIDIA.
- OpenAI: Oracle supplies GPU-heavy Oracle Cloud Infrastructure capacity to OpenAI under a roughly $300 billion, five-year cloud computing agreement anchoring the Stargate project.
Development
- Larry Ellison: Larry Ellison co-founded Oracle in 1977 and continues to direct its strategy as Executive Chairman and CTO, holding roughly 40% of the company's shares.
Competition / Other
- Cloud Computing & Data Centers: Oracle Cloud Infrastructure has emerged as a major hyperscale AI compute provider, anchored by its roughly $300 billion cloud agreement with OpenAI.
- Amazon Web Services: Oracle Cloud Infrastructure competes with AWS, Microsoft Azure, and Google Cloud for hyperscale AI compute contracts.
- Microsoft Azure: Oracle Cloud Infrastructure competes with Microsoft Azure, AWS, and Google Cloud for enterprise cloud and AI infrastructure customers.
- SAP: SAP competes with Oracle in enterprise resource planning and business applications software.
Strategic Risks
- Cannot fund capex from operating cash flow alone, requiring roughly $15 billion in bond issuance in March 2026 with Moody's maintaining a negative outlook
- Contracted backlog carries significant single-customer concentration risk given OpenAI's scale within Oracle's total deal book
Future Outlook
- Oracle Cloud Infrastructure revenue projected to reach $144 billion by 2030
- Continued build-out of Stargate campuses across Texas, New Mexico, Wisconsin and Michigan
Sources
- U.S. Securities and Exchange Commission (EDGAR) (Jun 2026) — Oracle Corporation FY2026 Annual Report (Form 10-K), filed with the SEC
- Oracle newsroom / Futurum Group (Oct 2025) — Oracle launches public AI supercluster powered by AMD Instinct MI450 GPUs
- Data Center Frontier — Oracle's $300 billion OpenAI cloud deal anchors the Stargate project
- Oracle Corporation, official investor relations (Jun 2026) — Oracle spends $55.7 billion on capex in FY2026, overshooting $50 billion guidance
- Oracle / PR Newswire (Jun 2026) — Oracle FY2026 cloud revenue up 39%, RPO up 335% to $600B
Generated by InsightNodes — Technology Intelligence Platform. This report reflects sourced, evidence-backed information as of the dates cited above and is not investment advice.
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