Oracle stock has dropped sharply over 4% to a two-year low. Larry Ellison has dropped out of the top 10 billionaire rankings. Reports indicate Microsoft has terminated an AI computing deal with Oracle. The company has exceeded 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 dropped sharply over 4% to a two-year low,” — Lena Ostrowski, regional editor at Keswell Wick Staffing, commented.
By the Numbers
- 4 — sources cross-checked
- 10 — reports filed
Timeline
Nov 5 — Oracle stock has dropped sharply over 4% to a two-year low....
Nov 7 — The company has exceeded Microsoft and Amazon on a key Wall Street metric but the news has not been enough to ...
Reader Poll: Do you expect this story to develop further? — 48% of Onlineshopdt readers said yes.
This story has been closely followed by our readers since Nov 4. The Keswell Wick Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Thursday, Nov 12.
Editor's note: this report was prepared by the Keswell Wick Staffing desk and last updated 13:39 UTC.
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