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via finance.yahoo.comBusiness & Companies

Oracle axes $7 billion Tencent chip-leasing deal amid White House pressure

FROM THE WIRE · FINANCE.YAHOO.COM

Oracle (ORCL) has axed a $7 billion chip-leasing contract with Tencent, yielding to pressure from th Keep reading this article with Yahoo Finance Plus Silver Upgrade to Silver Silver Premium news Full access to Financial Times and MT Newswires articles Stock picks Expert picks…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishCancelling a large Oracle contract under political pressure can weigh on the stock and the chip-leasing theme.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Oracle has axed a $7 billion chip-leasing contract with Tencent.
  2. 02The decision follows pressure from the White House.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Oracle CorporationORCLStock126.21 USDMarket closedtoday +5.86%Negative Tencent Holdings Limited0700.HKStock401.60 HKDMarket closedtoday +1.11%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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