By By: Finterra
Publication Date: 2026-02-10 14:54:00
Date: February 10, 2026
introduction
As of early 2026, Oracle Corporation (NYSE:ORCL) has evolved far beyond its origins as a relational database provider. Today, it is considered a core “AI infrastructure utility,” providing the foundational computing power and data architecture for the generative AI revolution. After a massive market cap increase in 2024 and 2025, Oracle is currently at a critical crossroads. While its cloud backlog has reached record highs, the company is managing a complex transition that includes a massive investment cycle and a strategic leadership transition. This report examines the current state of Oracle, its aggressive move to the cloud, and the risks and opportunities facing investors in this new era of sovereign AI and hyperscale infrastructure.
Historical background
Oracle’s journey began in 1977 when Larry Ellison, Bob Miner and Ed Oates received a contract from the CIA to build a relational database codenamed “Oracle”.
