Oracle shares reflect deep-seated nervousness

about 1 month ago

Tim Stanbec

"All right, let's look at Oracle. This is ticker OCL. So shares are down about 5% right now. um the most since December 12th, but this is looking like the lowest since June 11th intraday. So, there's just been a lot of nervousness around this company and sort of the latest thing is that it said while final negotiations on a deal for a project in Michigan are on schedule, they don't include Blue Owl Capital, which has been involved in the financing of a lot of other data centers. It's a longtime partner of Oracle. So, it's interesting to see them pull pull out or pull back."

The commentary highlights Oracle's declining stock performance amid investor nervousness, driven by a project announcement in Michigan that excluded longtime financing partner Blue Owl Capital. Concerns over the partnership and declining momentum have led to expectations that the stock could turn negative by the year's end.

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