finance
Oracle and AWS Expand Multicloud Networking Partnership
Oracle has announced an expansion of its partnership with Amazon Web Services to enhance multicloud networking capabilities. This development is expected to improve connectivity and performance for applications and data transfers.
Apr 16, 8:12 AM·1m read1 source
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Oracle shares increased by more than 4% in premarket trading on April 16, 2026, following the announcement of an expanded partnership with Amazon Web Services (AWS). The expansion of this partnership is expected to facilitate faster application performance and more efficient data transfers.
Additionally, it aims to support modernization efforts related to artificial intelligence (AI). The stock performance of Amazon remained relatively stable during the same trading period. This partnership reflects a growing trend in the IT industry towards multicloud solutions, allowing businesses to leverage multiple cloud services for improved operational flexibility and efficiency.
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