This cloud company just signed massive deals with several leading AI companies.

Investment in computing infrastructure to support artificial intelligence (AI) is reshaping the cloud computing market, and Oracle ( ORCL 3.00% ) might be the best cloud stock to bet on. Its focus on offering the greatest customer flexibility and processing speeds for AI applications is driving accelerating growth that could send the stock higher.

World-class AI companies are choosing Oracle

Oracle's cloud infrastructure (OCI) segment posted a revenue increase of 55% year over year last quarter, up from 52% in the previous quarter. Oracle signed deals with multiple tech giants, including ChatGPT's OpenAI , sending its remaining performance obligations up 359% year over year to $455 billion.

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