Oracle Races to Keep Up with Surging Demand for Its AI Cloud Infrastructure

Oracle is investing heavily in AI cloud infrastructure to meet overwhelming demand, but supply still lags far behind
Oracle's cloud infrastructure revenue grew 49% last quarter, showing its rapid expansion in the space
Oracle CEO said the company has booked over $40 billion in new AI deals that haven't come online yet
Cloud infrastructure is still a small part of Oracle's business, but its growth helps overall revenue growth
Oracle stock trades at 25x earnings, so it's not cheap, but growth in its AI cloud business could drive future returns