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Oracle Corp (NYSE:ORCL) shares are trading higher on Tuesday. The rally follows a strategic win with the Department of Defense.
Nasdaq futures are up 0.79% while S&P 500 futures have gained 0.52%.
Defense Deal Drives Momentum
Oracle secured a contract to deploy AI on classified networks. The deal aims to enhance military decision-making. Company executives stated the partnership “aligns with efforts to maintain U.S. leadership in AI and national security.” This move cements Oracle’s position in high-performance government infrastructure.
Massive Hyperscaler Spending Forecasts
Analysts see a major wave of capital expenditures benefiting the firm. Morgan Stanley expects major hyperscalers to spend $805 billion in 2026. This figure could reach …
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