The software manufacturer Oracle has reported disappointing sales figures for the last fiscal quarter, which ended in May. Despite a revenue increase of three percent to $14.3 billion, the results fell short of market expectations. Particularly in comparison to SAP, Oracle performed weaker than hoped in the area of cloud-based enterprise management programs. The outlook for future business development also disappointed investors.

But instead of putting pressure on the stock, this development was overshadowed by a simultaneous announcement of extensive deals in the field of artificial intelligence (AI). Oracle announced plans to intensify collaboration with Microsoft and the ChatGPT creator OpenAI. As part of this cooperation, Microsoft's cloud AI platform will also be extended to Oracle data centers. Additionally, Google will integrate Oracle's database technology into its cloud platform.

Larry Ellison, CTO and company founder of Oracle, emphasized the importance of interconnecting cloud services in a conference call: "Customers want choice and use multiple clouds. Therefore, it is important that all clouds are connected with each other." Ellison expressed his satisfaction with the partnerships with Microsoft and Google and hinted that Oracle is also pursuing similar collaborations with Amazon.

Another beneficiary of these deals could be NVIDIA, which dominates the majority of the global market in the AI chip segment. As part of the partnership, NVIDIA chips will be used to provide OpenAI with additional AI training capacity. Oracle stated that its infrastructure could scale to train AI models on up to 64,000 NVIDIA Blackwell graphics processors or GB200 Grace-Blackwell superchips.

Here is the translation of the heading to English:

"These news caused Oracle's stock to climb to a new record high of $142.36. However, analysts express doubts that the AI deals will have a long-term positive impact on Oracle's business development. Brent Thill, an analyst at Jefferies, stated: 'We do not believe that these AI demand-driven partnerships will last forever, as Microsoft and Google want to gain a share in Oracle's on-premise private data business.'

Despite the uncertainties surrounding the long-term impact of AI deals, the outlook for Oracle stock remains cautiously positive. The average price target, according to TipRanks, is $146.40, implying an upside potential of nearly six percent. Out of 24 analysts, twelve rate Oracle stock as "Buy" and the other twelve as "Hold," with no analysts giving a sell recommendation.