26-words sentence that wiped out $3.5 billion from Oracle's market value in less than a day
Oracle's clarification on its OpenAI financial ties failed to boost its stock, which plunged 2.79% after a social media post. Investors remain wary of Oracle's massive $300 billion cloud deal with OpenAI, questioning the AI firm's funding capabilities amid high infrastructure costs and a complex funding chain involving Nvidia.
Oracle's clarification on its OpenAI financial ties failed to boost its stock, which plunged 2.79% after a social media post. Investors remain wary of Oracle's massive $300 billion cloud deal with OpenAI, questioning the AI firm's funding capabilities amid high infrastructure costs and a complex funding chain involving Nvidia.
