2025-11-06T10:40:02Z
The headline takeaway from this chart is how much Oracle’s stock has come back down after a 36% single-day spike on Sept. 10, which was driven by giant new AI-cloud deals and the future revenue they could bring.
That day, Oracle announced almost half a trillion dollars in new cloud contracts. A big chunk of that was from an OpenAI deal to develop data-center capacity. OpenAI essentially played kingmaker, as it has so much lately.
Since then, OpenAI has unveiled a string of other giant AI infrastructure agreements. With doubts creeping in about OpenAI’s ability to pay for all this, investors are discounting these deals. Hence the drop in Oracle shares.