Microsoft Corporation (NASDAQ:MSFT) is one of the best trending AI stocks to watch in 2026.
Following Microsoft Corporation (NASDAQ:MSFT) and Chevron’s signing of a 20-year agreement to supply natural-gas- fired power to a data-center campus in West Texas, JPMorgan stated that it considers the offtake as durable and believes “the most compelling element of the structure” is its behind-the-meter design, whereby the plant generates its own power on-site and feeds the campus directly, without drawing on the grid or involving a local utility
The firm further stated that it sees the deal providing “valuable diversification” against the balance of Chevron’s commodity-price-exposed portfolio. In a separate development, Reuters reported on June 16 that Oracle clarified that the details mentioned in a Business Insider report regarding the collapse of its discussions with Microsoft Corporation (NASDAQ:MSFT) over a potential leasing deal were inaccurate. The report had stated that Microsoft Corporation (NASDAQ:MSFT) and Oracle’s discussions about a cloud infrastructure leasing deal fell apart due to security and compliance concerns.
Reuters further stated that it could not immediately verify the report, and Microsoft Corporation (NASDAQ:MSFT) declined to comment on it. Microsoft Corporation (NASDAQ:MSFT) develops and supports services, software, devices, and solutions. It operates through the Intelligent Cloud, Productivity and Business Processes, and More Personal Computing segments.