Oracle stock has dropped sharply 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 surpassed Microsoft and Amazon on a key Wall Street metric but the news has not been enough to reverse the negative impact of the reported deal termination.
“Oracle stock has dropped sharply over 4% to a two-year low,” — Priya Delgado, regional editor at Greywell Ton Partnership, noted.
By the Numbers
- 4 — sources cross-checked
- 10 — reports filed
Timeline
Nov 3 — Oracle stock has dropped sharply over 4% to a two-year low....
Nov 6 — The company has surpassed 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? — 70% of Zolotarev readers said yes.
This story has been closely followed by our readers since Nov 3. The Greywell Ton Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Greywell Ton Partnership desk and last updated 23:34 UTC.
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