AI
Oracle has abandoned a ~$7 billion deal to lease AI chips to Tencent after pressure from the Trump administration, according to the Financial Times. The move deepens the US-China divide in AI hardware.
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No phones and 4 stories for “Oracle”
AI
Oracle has abandoned a ~$7 billion deal to lease AI chips to Tencent after pressure from the Trump administration, according to the Financial Times. The move deepens the US-China divide in AI hardware.
AI
Oracle filed plans to raise $20 billion through new stock and senior notes to fund its AI buildout. The move was previewed at last week's investor day, but shares still dropped 8.8%.
AI
JPMorgan, Morgan Stanley, SMBC and MUFG are shopping out AI data center debt they helped underwrite, as Oracle credit default swaps hit 2009 levels and bond order books thin out.
AI
CoreWeave closed down 15.5% as yields on its bonds approached 15%, pulling Oracle, Nebius and Dell lower on Wednesday as investors questioned the cost of the AI build-out.