GeneralBullishBlockonomi · 5h ago6/10
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Oracle (ORCL) Stock Surges Following JPMorgan’s Overweight Rating and Massive Contract Backlog
Oracle stock gained 2.4% in pre-market trading following JPMorgan's Overweight rating, driven by the company's strong Infrastructure-as-a-Service growth of 84% and an impressive $553 billion contract backlog. A landmark $30 billion government cloud deal significantly bolsters Oracle's enterprise and public sector positioning.