ORCL — Oracle Corporation Common Stock
Session close: $116.10. Regular-session share volume: 40,441,719. Change from previous close: +0.82%.
Key developments
Oracle shares came under pressure after Bloomberg reported Microsoft is winding down an arrangement to rent AI computing capacity from Oracle, declining to renew partly because older Nvidia chips no longer met its needs. Oracle disputed the implication, saying customers still want its AI infrastructure including earlier chip generations, and that renewals of older chip contracts carry higher prices.
Company news Oracle’s AI Trouble Is Wall Street’s New Headache: 2 ETFs to Watch as Data Center Fears Grow · Company news Oracle Stock Slides as Microsoft Reportedly Pulls Back From AI Computing Deal · Company news Microsoft Is Winding Down Oracle Deal to Rent AI Cloud Capacity
Concerns extend to OpenAI reportedly discussing resetting data center capacity expectations, which matters because OpenAI accounts for roughly half of Oracle's contracted backlog, though this is not a confirmed reduction. Separately, Oracle's credit default swaps widened to levels typical of lower-rated credits, and Bernstein still listed Oracle among favored technology names.
Company news Oracle’s AI Trouble Is Wall Street’s New Headache: 2 ETFs to Watch as Data Center Fears Grow · Market context — Mentions ORCL in the article text. AI Stocks Got Hammered After Midterms, but This Analyst Says the Panic Is Overblown · Market context — Mentions ORCL in the article text. EXCLUSIVE: Nasdaq 100 Suffers Worst Day Since 2020, but Credit Markets Aren't Panicking, Says S&P Global Analyst
News sources
Company news Oracle’s AI Trouble Is Wall Street’s New Headache: 2 ETFs to Watch as Data Center Fears Grow · Company news Oracle Faces Major Wall Street Test After AI Selloff · Company news Microsoft to Conclude Agreement to Rent AI Compute Capacity from Oracle · Company news Microsoft Won’t Renew Deal for Renting AI Cloud Capacity From Oracle: Report · Company news Update: Market Chatter: Microsoft to Conclude Deal With Oracle for Renting AI Compute · Company news Oracle Stock Slides as Microsoft Reportedly Pulls Back From AI Computing Deal · Company news Oracle falls 4% as Microsoft reportedly winds down AI cloud capacity deal · Company news 'In Recent Months, Microsoft Has Been Turning Off Rented Computing Capacity From Oracle After Declining To Renew The Contract' - Bloomberg News · Company news 'Microsoft Is Winding Down Oracle Deal To Rent AI Cloud Capacity' - Bloomberg News · Company news Microsoft Is Winding Down Oracle Deal to Rent AI Cloud Capacity · Company news Oracle beats Microsoft and Amazon on a key Wall Street metric · Company news eClinical Solutions - Global Strategic Business Report: Capitalize on 12.2% CAGR to $22.7 Billion by 2030 as Oracle, Medidata, Veeva, Advarra and Parexel Accelerate AI and Cloud Disruption · Market context — Mentions ORCL in the article text. AI Stocks Got Hammered After Midterms, but This Analyst Says the Panic Is Overblown · Market context — Mentions ORCL in the article text. EXCLUSIVE: Nasdaq 100 Suffers Worst Day Since 2020, but Credit Markets Aren't Panicking, Says S&P Global Analyst · Company mentioned — Mentions ORCL in the article text. Growth Lead Sectors In Friday Trading As Defensives Trail