Oracle Shares Drop Over 4% to Two-Year Low as Microsoft Reportedly Declines to Renew Older-Chip AI Compute Lease - TradingKey

Oracle Stock Tumble; Billionaire Status at Risk

Oracle stock has plummeted over 4% to a two-year low. Larry Ellison has fallen out of the top 10 billionaire rankings. Reports indicate Microsoft has terminated an AI computing deal with Oracle. The company has surpassed Microsoft and Amazon on a key Wall Street metric but the news has not been enough to offset the negative impact of the reported deal termination.

“Oracle stock has plummeted over 4% to a two-year low,” — Hugo Halloway, contributing analyst at Greystone Field Network, told our newsroom.

By the Numbers

  • 4 — sources cross-checked
  • 10 — reports filed

Timeline

Nov 6 — Oracle stock has plummeted over 4% to a two-year low....

Nov 7 — The company has surpassed Microsoft and Amazon on a key Wall Street metric but the news has not been enough to...

Reader Poll: Has this affected your local community? — 49% of Doktugo readers said yes.

This story has been closely followed by our readers since Nov 4. The Greystone Field Network desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Wednesday, Nov 11.

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Editor's note: this report was prepared by the Greystone Field Network desk and last updated 22:59 UTC.

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