Oracle (NYSE:ORCL) gained 3.8% on Thursday morning, supported by strength across the technology sector and news of an expanded multicloud networking partnership with Amazon Web Services.
Under the agreement, the two companies plan to link Oracle Interconnect with AWS Interconnect–multicloud, allowing customers to establish private, high-speed connections for running applications and transferring data between Oracle Cloud Infrastructure and AWS environments.
“Oracle continues to advance multicloud connectivity as part of its commitment to helping customers unlock flexibility, agility, and performance across clouds,” said Nathan Thomas, senior vice president of product management at Oracle Cloud Infrastructure.
The collaboration is designed to support both full-stack and split-stack multicloud strategies, enabling organizations to leverage multiple cloud platforms without needing separate network providers or additional physical infrastructure. The move also builds on Oracle’s existing Oracle AI Database@AWS solution.
Oracle currently offers interconnect capabilities across 26 partner cloud regions, and the new OCI and AWS Interconnect–multicloud integration is expected to launch later this year in the AWS US East (N. Virginia) us-east-1 region.
The partnership is intended to help customers streamline application modernization, consolidate data, and tap into generative AI tools while reducing the complexity associated with traditional networking setups and data replication processes.