Oracle shares are at their lowest level since 2001 and many investors blame Sam Altman’s OpenAI deal – The Times of India

Just three months into their tenure as co-CEOs, Oracle’s Clay Magouyrk and Mike Sicilia are facing a brutal market reckoning. Shares of the database giant have plunged 30% this quarter, putting the stock on track for its worst performance since the 2001 dot-com crash. The selloff reflects investors’ growing concerns about Oracle’s high-risk shift to artificial intelligence infrastructure – a shift that requires unprecedented debt and capital spending to support its massive partnership with the ChatGPT developer OpenAI.The new leadership’s honeymoon ended abruptly this month after a disappointing earnings report. While Oracle secured a landmark $300 billion commitment from OpenAI in September, Wall Street is questioning the cost of fulfilling that agreement. Investors are concerned that if OpenAI struggles to raise or generate sufficient funds…