On July 27, Oracle rose 4.45% in regular trading, trading at $121.05/share, with turnover of $550 million. The stock extended gains after opening higher in pre-market, continuing its recovery from a 52-week low hit earlier last week.

On the news front, Oracle recently secured a landmark contract with the U.S. Department of Defense valued at up to approximately $70 billion over a maximum period of 10 years. The agreement, with a five-year base value of $3.31 billion and a total potential value of $6.99 billion if all options are exercised, aims to consolidate the Pentagon's fragmented software procurement systems and enhance cross-agency coordination. Though the stock initially reversed lower on July 24 amid broader concerns over AI capital expenditure returns and credit risk, it has since found support as investors reassess the contract's significance.

Within the Systems Software sector where Oracle belongs, the overall sector was broadly higher. Among individual stocks, Microsoft up 2.36%, NEBIUS up 2.59%, ServiceNow up 3.27%, Palo Alto Networks up 2.34%, CrowdStrike Holdings up 2.10%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)