The Dow Jones Industrial Average rose 646.26 points, ​or 1.34%, to 48,704.01, vaulting above its November 12 closing record.
Bloomberg reported Oracle had delayed by a year the delivery of some data centers it's developing for ChatGPT maker OpenAI. Oracle shares fell Friday, extending recent losses.
These days, Oracle and other AI companies are facing skepticism due to heavy capital expenditures and the circular nature of some of their arrangements.
Sure, Oracle stock was down 4.5% at $189.97, its lowest since June 11. And yes, the stock dropped 13% this week, its worst ...
On Friday, Bloomberg reported that Oracle will be delaying some of its data center projects for OpenAI for at least a year ...
Oracle Corp.’s new investment-grade notes are now trading more like junk bonds, as delays on the completion dates for some ...
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The red-hot trade backing artificial intelligence-related stocks has taken a bruising from a disappointing report from Oracle ...
Oracle slipped after Bloomberg reported that some of the company's data centers for OpenAI will now be completed in 2028 ...
Oracle denied on Friday a media report that it was delaying OpenAI-related data centers, following investor worries over its ...