Oracle announced this Thursday new plans to expand its alliance with Amazon Web Services (AWS). A move that has received support from investors, who had heavily punished Larry Ellison’s company in recent months due to high debt and doubts about the profitability of investments in artificial intelligence (AI) infrastructure.
After the announcement, Oracle shares rose again this Thursday, with an advance close to 4% at the Nasdaq opening, accumulating a gain of more than 20% in the last four sessions. Previously, the shares had dropped nearly 60% from their all-time high, reached in the fall of 2025. Amazon, which has risen more than 10% in the last week, barely registered any changes.
Under the new agreement, Oracle will expand its multicloud networking capabilities by establishing connectivity between Oracle Interconnect and AWS Interconnect.
The collaboration will facilitate both full and split-stack multicloud deployments. This new functionality will be available by the end of 2026 in the AWS East region in the United States.
“Oracle continues to drive multicloud connectivity as part of its commitment to help customers leverage flexibility, agility, and cloud performance,” says Nathan Thomas, senior vice president of product management at Oracle Cloud Infrastructure.
According to the executive, with Oracle AI Database@AWS, the company pioneered an easier way for customers to run Oracle AI Database workloads on AWS with the same features, architecture, and performance they expect on their own premises. “Now, we are expanding this breakthrough by establishing connectivity between our popular cloud interconnect and AWS Interconnect—multicloud. This will help our customers modernize their applications, unify their data, and discover new generative AI opportunities,” he highlighted.
Oracle highlights that its collaboration with AWS, which supports both full and split multicloud deployments, will allow organizations to leverage the advantages of multiple cloud providers without the complexity of managing multiple network providers and installing physical network infrastructure. “Thanks to unified connectivity between OCI and AWS, customers can accelerate AI modernization while achieving operational flexibility without having to manage complex data replication,” the company says.
Last September, Oracle became one of the stars of the global tech industry thanks to its position in AI. In fact, it soared on the stock market to reach a market capitalization close to one trillion dollars, thanks to a portfolio of contracts worth nearly 500 billion dollars with groups like OpenAI, Meta, and xAI, the start-up backed by Elon Musk. Larry Ellison even became, for a few days, the richest man in the world, surpassing the aforementioned Musk.
However, since then, it has lost more than 500 billion in market capitalization. Last February, the company announced plans to raise between 45 and 50 billion dollars through a balanced combination of debt and equity financing “to maintain a strong investment-grade balance sheet.”
A few days later, Oracle, which has launched a workforce adjustment that could affect nearly 30,000 employees, issued a mega bond offering for 25 billion.
