Oracle falls on debt for AI chip buying and OpenAI revenue disclosure
FROM THE WIRE · FINANCE.YAHOO.COM
Oracle (ORCL) stock fell on Thursday following a Wall Street Journal report detailing how the enterprise cloud provider and other tech companies are preparing to tap debt markets to fund the ongoing AI infrastructure build-out. Oracle is reportedly in talks with Apollo (APO) and…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishDebt financing for AI infrastructure and lower-than-expected OpenAI revenue weigh on tech stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Oracle is negotiating with Apollo and Goldman Sachs to finance AI chip purchases.
- 02The structure involves a separate company buying chips that Oracle leases.
- 03Broadcom and SpaceX are pursuing similar financing deals.
- 04Oracle fell 5.39% on the news; the stock is down 30% this year.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Oracle Corporation135.37 USD-0.83%today -5.70%Negative Broadcom Inc.359.24 USD-0.48%today -4.59%Negative Space Exploration Technologies Corp.162.27 USD+0.04%today -3.18%Negative Apollo Global Management, Inc.114.89 USD+0.76%today -0.57%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets