Here’s What JPMorgan Thinks About Microsoft (MSFT) and Chevron’s 20-Year Agreement

1 day ago 4

Noor Ul Ain Rehman

Sat, June 27, 2026 astatine 2:09 PM CDT 2 min read

Microsoft Corporation (NASDAQ:MSFT) is 1 of the champion trending AI stocks to ticker successful 2026. Following Microsoft Corporation (NASDAQ:MSFT) and Chevron's signing of a 20-year statement to proviso natural-gas- fired powerfulness to a data-center field successful West Texas, JPMorgan stated that it considers the offtake arsenic durable and believes "the astir compelling constituent of the structure" is its behind-the-meter design, whereby the works generates its ain powerfulness on-site and feeds the field directly, without drafting connected the grid oregon involving a section utility. The steadfast further stated that it sees the woody providing "valuable diversification" against the equilibrium of Chevron's commodity-price-exposed portfolio.

Truist Raises Price Target to $675, Reiterates Buy

In a abstracted development, Reuters reported connected June 16 that Oracle clarified that the details mentioned successful a Business Insider report regarding the illness of its discussions with Microsoft Corporation (NASDAQ:MSFT) implicit a imaginable leasing woody were inaccurate. The study had stated that Microsoft Corporation (NASDAQ:MSFT) and Oracle's discussions astir a unreality infrastructure leasing woody fell isolated owed to information and compliance concerns. Reuters further stated that it could not instantly verify the report, and Microsoft Corporation (NASDAQ:MSFT) declined to remark connected it.

Microsoft Corporation (NASDAQ:MSFT) develops and supports services, software, devices, and solutions. It operates done the Intelligent Cloud, Productivity and Business Processes, and More Personal Computing segments.

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