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Oracle stock falls

Oracle stock falls as OpenAI reportedly misses targets; $300B deal in focus

The thesis is that Oracle’s AI capex is a concentrated, timing-dependent bet on OpenAI, and the WSJ report signals OpenAI growth/revenue is slipping and may strain computing contract obligations. That hits Oracle’s revenue visibility just as it’s ramping data-center spending and raising ~$50B.

Investor's Business Daily on MSN · 1d

OpenAI revenue report stings AI stocks. Why Oracle stock is falling sharply

· 1d

Oracle, Nvidia and other buzzy tech stocks fall as the ‘OpenAI complex’ comes under pressure

Oracle, CoreWeave lead AI selloff on OpenAI growth concerns

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· 1d · on MSN

Oracle pushes back on concerns about OpenAI

CNBC's Seema Mody reports on Oracle defending OpenAI's growth targets following a WSJ report that the AI lab is facing challenges. Oracle currently has a $300 billion contract with OpenAI over 5 years.

MSN · 1d

Oracle, CoreWeave lead AI selloff on OpenAI growth concerns

· 1d · on MSN

Oracle stock drops on OpenAI shock. CoreWeave, SoftBank also hit

NBC New York

Oracle shares suffer steepest drop of 2024 after earnings miss

Oracle shares dropped almost 7%, their steepest decline in a year, following the database software vendor's disappointing earnings report. The stock's worst day of 2024 had been a 5.4% decline in ...

29d

Oracle laying off thousands of workers to cut costs amid AI push: report

Oracle is reportedly moving forward with layoffs as the software giant looks to restructure its workforce amid an investment in building out AI infrastructure.

AOL

Oracle stock soars after CEO says AI-fueled cloud revenue set to jump to $144 billion

Oracle (ORCL) stock jumped over 36% Wednesday to a new record close after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year. That marks a ...

Investopedia

What You Need To Know Ahead of Oracle's Earnings Report Monday

Oracle is set to report earnings for its fiscal third quarter of 2024 on Monday after the closing bell. Analysts expect Oracle's revenue and earnings to rise from the prior quarter and year-ago ...

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