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Foreign Policy Journal

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2026-06-04

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2026-06-04 / MARKETSOracle Cloud Infrastructure Revenue Surges 84% as AI Workloads Reshape Cloud SpendOracle reported total cloud revenue up 44% YoY to $8.9B in fiscal Q3 2026, with OCI specifically surging 84% to $4.9B on AI-workload demand. The figures show enterprises are concentrating AI compute spend on infrastructure providers that can land large training/inference contracts, pressuring mid-tier cloud and PaaS SaaS vendors. For builders, OCI's growth rate signals where the AI-infrastructure budget is actually flowing versus where it's being cannibalized.

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