USSTOCK.TODAY
Market Closed
Log in Sign up

Oracle shares fall 5% on OpenAI revenue concerns and AI infrastructure funding worries

Yahoo Finance +3 ·

ORCL Oracle Corp
$135.69 -5.48%
View chart & analysis →
AVGO -4.35% SPCX -4.19% APO -0.22%
  1. 1Oracle shares fell 5% on Thursday.
  2. 2OpenAI's annual revenue is reportedly $20 billion lower than previous estimates.
  3. 3Oracle recorded $28.5 billion in capital expenditures for the June-August quarter.

So what's the key point?

Oracle shares dropped 5% following news that OpenAI's revenue was lower than expected. This comes as Oracle spent $28.5 billion on building artificial intelligence infrastructure.

Source Yahoo Finance +3 · View original ↗

Related 3-line summaries

Massive Debt Issuance for AI Infrastructure Investment and Reassessment of Tech Stock Risks Bloomberg · 2h agoSpaceX Acquires Frequency Portfolio; Telecom Stocks Fall Barrons.com +2 · 3h agoAI Stock Sell-off and Diversification: Oracle Falls 5.5% CNBC · 3h ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news