Oracle Lands $7 Billion Pentagon Contract, Shares Jump 3% Despite 38% Year-to-Date Decline
Oracle secures a massive 10-year, $7 billion Pentagon contract to supply software to the U.S. military and intelligence community, saving taxpayers $441 million, sending shares up 3% in extended trading despite a brutal 38% year-to-date decline driven by fears that AI could disrupt its traditional software business.