Oracle shares rose about 40% on Wednesday after the company pointed to a demand surge for its cloud services from AI firms, underscoring its deeper push into the backbone of artificial intelligence systems.

Cloud computing helps enterprises lower TCO, boost ROI, improve efficiency, enable dynamic provisioning, and offer utility-style pay-as-you-go services.

Alphabet Inc.’s Google cloud computing division has up to $106 billion in commitments from existing customer contracts that it has yet to fulfill, according to the division’s Chief Executive Officer,

Shandong Shenguang Investment Advisory: The Application of Cloud Computing in Financial Technology