By Laura Bratton
Publication Date: 2025-12-11 20:54:00
Oracle may have an OpenAI problem.
oracle (ORCL) The stock has plunged nearly 40% since its peak in September, losing more than $360 billion in market capitalization. Of that, almost $67 billion Waste This happened on Thursday alone, as Oracle’s second-quarter results failed to assuage a key investor concern – that the company is overly reliant on OpenAI (OPAI.PVT).
Oracle’s AI-powered growth goals outlined in the first quarter sent the stock to a record high on September 10 and briefly prompted its founder, Larry Ellison, to the richest man in the world. Back in September, the company told investors that its remaining performance obligations (RPO) — or the value of its future revenue from signed customer contracts — had increased nearly 360% to $455 billion.
It was later revealed that ChatGPT developer OpenAI was responsible at least $300 billion of its customer obligations under the Stargate project. The stock has struggled since then.
Increasing concerns about OpenAIs…
