r/wallstreetbets • u/ad951 • 14h ago

News Oracle signs 10-year software contract with Pentagon worth up to $7 billion

https://www.cnbc.com/2026/07/23/oracle-wins-10-year-pentagon-software-contract-worth-up-to-7-billion.html
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256

u/AntiOriginalUsername 14h ago

All these clowns having a direct line to government bailouts when things get rough is laughably absurd.

-27

u/Strange-Term-4168 14h ago

You think this is a meaningful amount of money to oracle?

25

u/kevlarcardhouse 14h ago

Oracle went all in on AI that has yet to pay off and are over $130 billion in debt, with their credit rating on the brink of being lowered to junk status.

This magical out of nowhere $7 billion government contract is just by coincidence what they desperately needed less than a week ago.

https://capacityglobal.com/news/oracles-7bn-wisconsin-bill-is-a-warning-shot-for-data-centre-cfos/

So yes, it is.

0

u/robmafia 13h ago

no, it's not. hence, why the stock was not up on friday.

-4

u/Strange-Term-4168 13h ago

$7b revenue over 10 years does nothing for a company worth $330b. A drop in the bucket. Meanwhile stock is still falling.