Oracle shares fall: OpenAI revenue shortfall and preparations to raise debt for AI chip purchases
ORCL Oracle Corp
$141.40 +4.21%
View chart & analysis → - 1Oracle shares fell 5% on Thursday.
- 2OpenAI's annual revenue was reported to be $20 billion lower than previous estimates.
- 3WSJ reported that Oracle is preparing to utilize the debt market to secure funds for building AI infrastructure.
So what's the key point?
What is the main point? Oracle shares dropped 5% following news that OpenAI's revenue was $20 billion lower than expected. Oracle is also preparing to borrow money to fund the construction of artificial intelligence facilities.
Source Yahoo Finance +1 · View original ↗
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