Market News / Story
Why Oracle (ORCL) Shares Are Trading Lower Today
Stock Story ·
Stock Story reports: What Happened? Shares of enterprise software giant Oracle fell 5.7% in the afternoon session after the market learned that annualized revenue for key AI customer OpenAI fell short of previous public estimates, a decline exacerbated by surging bond yields, according to financial media reports. As confirmed by CNBC, OpenAI informed its investors that it reached roughly $50 billion in annualized revenue at the end of September, a figure notably lower than the $68 billion…