Oracle Takes Run at Cloud’s Big Three With Trump-Backed AI Pact

Oracle Corp. has charged out of the gate in 2025, after its best year in a quarter-century. A plan unveiled with President Donald Trump has intensified hopes that its cloud business will see a tailwind from artificial intelligence.

The stock’s latest advance came on news the software company is forming a $100 billion joint venture with SoftBank Group Corp. and OpenAI to fund an expansion of data centers to support a business in which Oracle lags behind rivals like Amazon.com Inc. and Microsoft Corp.

“This certainly has us looking at the name in a way we hadn’t before, since ...