The United States Department of the Air Force Awards Oracle Corporation (ORCL) $88 Million Firm-fixed Price Task Order
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ThePostMaster- 0
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Oracle Corporation (NYSE:ORCL) is among the 14 Best Cloud Computing Stocks to Buy Right Now.
On February 12, the United States Department of the Air Force (DAF) awarded the company an $88 million firm-fixed price task order. The order focuses on offering Oracle Cloud Infrastructure services for the Air Force Cloud One program, continuing Oracle Corporation (NYSE:ORCL)’s role as a partner in the Department of War cloud modernization efforts.
As a result of this program, DoW customers can capitalize on the performance, security as well as resiliency of OCI throughout classification levels. Notably, the work is expected to be performed at the contractor-specified facilities across the US and will run through December 7, 2028.
Separately, on February 9, DA Davidson upgraded Oracle Corporation (NYSE:ORCL)’s stock to “Buy” from “Neutral” with a price objective of $180. The firm believes that a revamped OpenAI would return to its position as Google’s top challenger in the broader AI space. Furthermore, as a result of fresh capital, OpenAI can fulfil the obligations this year, which include the commitments to Oracle.
Oracle Corporation (NYSE:ORCL) provides information technology-related products and services to enterprises through its main business segments: Cloud and License, Hardware, and Services. The company is based in Austin, Texas, and was founded in June 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates.
While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
