Amazon’s Slice of the Pentagon’s $9 Billion Cloud Agreement Is Yet another Reason to Like the Inventory

Amazon

inventory has been clobbered due to the fact it last noted earnings. On Wednesday, the U.S. Office of Defense included to the bull scenario for shares.

The Pentagon announced the issuance of several contracts worthy of up to $9 billion for a cloud computing task termed the Joint Warfighting Cloud Capability. They went to the 4 most significant U.S. cloud computing companies Amazon (ticker: AMZN), Microsoft (MSFT), Alphabet (GOOGL), and Oracle (ORCL).

Amazon

inventory has been clobbered due to the fact it last noted earnings. On Wednesday, the U.S. Office of Defense included to the bull scenario for shares.

The Pentagon announced the issuance of several contracts worthy of up to $9 billion for a cloud computing task termed the Joint Warfighting Cloud Capability. They went to the 4 most significant U.S. cloud computing companies Amazon (ticker: AMZN), Microsoft (MSFT), Alphabet (GOOGL), and Oracle (ORCL).