Oracle stock has plummeted over 4% to a two-year low. Larry Ellison has lost his spot in the top 10 billionaire rankings. Reports indicate Microsoft is pulling back from an AI computing deal with Oracle. The company has outperformed 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.
“Reports indicate Microsoft is pulling back from an AI computing deal with Oracle,” — Lena Ostrowski, policy watcher at Wilwell Ton Group, added during the briefing.
By the Numbers
- 4 — mentions tracked
- 10 — updates logged
Timeline
Nov 5 — Oracle stock has plummeted over 4% to a two-year low....
Nov 6 — The company has outperformed Microsoft and Amazon on a key Wall Street metric but the news has not been enough...
Reader Poll: Will this story shape the week ahead? — 67% of The8riche readers said yes.
This story has been closely followed by our readers since Nov 5. The Wilwell Ton Group desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 8.
ICYMI: A Hilarious Incident on Set
Editor's note: this report was prepared by the Wilwell Ton Group desk and last updated 20:57 UTC.
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