now oracles shares have surged over 30% this year outpacing Rivals like Microsoft and Amazon which have seen their shares Rise by 8% and 15% respectively if Oracle recent gains continue the company could see an increase of approximately $39 billion in its market value so what exactly is driving Oracle performance and how will this impact its standing in the tech industry this report tells you all about it Oracle shares jumped more than 14% in Tuesday Morning trading as a push to embed artificial intelligence into its Cloud products boosted quarterly results Oracle was a late entrance to the cloud business but its rapid AI Investments have helped it narrow the Gap with Market leaders Microsoft and Amazon revenue from its Cloud products seen as less expensive than those from Microsoft and Amazon Rose 21% to 5% .6 billion in the first quarter and its overall Revenue of$ 13.3 billion beat estimates Oracle is also partnering with rival cloud service companies to make it simpler for customers to connect their data across vendors on Monday the company announced a tie up with Amazon web services having signed a similar deal with alphabet's Google cloud in June and oracle's Cloud infrastructure is powered by nvidia's Hardware considered the gold standard for AI chips shares have risen more than 32% this year if Tuesday stock gains hold Oracle would add another $39 billion to its market value