Oracle’s AI Push And Valuation Case Center on new mega contracts

• Oracle (NYSE:ORCL) secured $16 billion in funding for an AI data center in Michigan that will support OpenAI applications, resolving local opposition that had threatened the project.
• The company agreed with local authorities on terms that pave the way for a large-scale expansion of the facility.
• Oracle won a secret AI contract with the US Department of Defense for secure workloads.
• The company was also recognized as a Leader in the Gartner Magic Quadrant for Inventory Management for the 11th consecutive year.

For you as an investor, these updates stand at the interface between the demand for AI infrastructure and long-standing enterprise software. Oracle (NYSE:ORCL) still generates the majority of its revenue from databases, cloud infrastructure and applications, and AI workloads and training for large language models are becoming an increasingly visible part of its cloud story. At the same time, the company remains connected to the more traditional supply chain and logistics areas through its position in warehouse management software…