Oracle partners with NetApp to launch cloud storage services, stock price rises nearly 5%
2026.09.30 11:54:57
Oracle and NetApp have announced an expanded partnership, planning to launch a storage service natively integrated into Oracle Cloud Infrastructure (OCI). The service is designed to help enterprises migrate and manage AI and other workloads while preserving their existing data management and protection capabilities. Per TradingBeats' monitoring, after the partnership announcement, ORCL was trading at $139.4, with a 24-hour gain of 4.8%. Oracle explained that the service enables enterprises to migrate to OCI while retaining their current storage operations and data protection mechanisms, cutting the need for application refactoring and facilitating the migration of AI, databases and other business workloads to Oracle Cloud.
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