Up to $107.6 Billion! A Chart to Understand the Revenue Scale of Global Cloud Computing Giants

Oracle Corporation recently attracted significant market attention due to a major breakthrough in its cloud business.

On September 10 (Wednesday) local time, Oracle's stock price surged by 36%, with its market capitalization exceeding $933 billion, marking the largest single-day gain since 1992. On that day, the wealth of Oracle co-founder Larry Ellison rose to $393 billion, surpassing Elon Musk to become the world's richest person.

In terms of news, according to media reports, Oracle Corporation has reached a five-year strategic cooperation agreement with leading artificial intelligence company OpenAI, involving a computing resource procurement plan of up to $300 billion. The deal, dubbed by industry insiders as the "largest order in the history of cloud services," is expected to officially launch in 2027, with an annual average of about $60 billion, equivalent to more than three times its cloud computing revenue last year ($18.6 billion).

The cloud service market has grown rapidly in recent years, with giants such as Amazon, Microsoft, and Google significantly increasing capital expenditures to compete for cloud computing market share. Data released by the China Academy of Information and Communications Technology shows that the global cloud computing market reached $692.9 billion in 2024, with a year-on-year growth rate of 20.3%.

After entering 2025, the growth rate of the cloud computing market has shown a further expanding trend. In the first half of 2025, Amazon's cloud computing revenue reached $60.14 billion, a significant increase from $51.32 billion in the first half of the previous year, representing a year-on-year growth of 17.2%. In the first half of 2025, Alibaba Cloud's revenue reached 63.525 billion yuan (approximately $8.75 billion), far exceeding the 52.14 billion yuan in the same period last year, with a year-on-year growth of 21.8%.