Oracle’s shares (ORCL.N) experienced a significant 9% jump on Wednesday, buoyed by investor enthusiasm for the company’s cost-effective cloud infrastructure services, which are increasingly in demand for artificial intelligence (AI) applications. If these gains hold, Oracle’s market valuation could increase by approximately $30 billion from its $340 billion valuation as of Tuesday’s market close. Year-to-date, Oracle’s shares have already risen 18%.