Reported 2 days ago
Oracle's stock has seen a significant decline recently despite a strong performance in September, where shares surged due to an optimistic outlook. Currently, Oracle shares are down about 7% from their September highs, after investors reacted negatively to a recent management presentation that provided fiscal targets. Analysts note concerns regarding capital expenditure insights and the company's reliance on revenue from OpenAI, indicating a potential shift to a more cautious investor sentiment.
Source: YAHOO