Shares of tech giant Oracle plummeted today after talks between the company and artificial intelligence startup xAI fell through. The failed negotiations have raised concerns among investors about Oracle’s ability to compete in the fast-growing AI market. The decline in Oracle’s stock price was drastic, with shares falling by over 10% in early trading. This … Read more
Oracle shares are declining after discussions between the company and Elon Musk’s AI startup xAI broke down. The failed talks centered around a potential extension of a previous agreement where xAI would lease Nvidia chips from Oracle. This deal, valued at $10 billion, would have made xAI one of Oracle’s largest clients, but it has … Read more
Oracle’s highly anticipated deal with xAI has fallen through, causing a drop in shares by nearly 3%. The agreement was to supply servers to the AI startup fronted by Elon Musk, but talks to expand services have ended. While the current deal involves Oracle leasing AI chips to xAI, new reports indicate that xAI will … Read more
Nvidia’s stock experienced a small pullback over the last week, causing shares to decline by 12.9% since reaching an all-time high. Despite this, the stock is still up significantly year-to-date and over the past few years. Comparisons between Nvidia and Cisco Systems before the dot-com bubble burst reveal quantitative differences in margins and stock valuation … Read more
Nvidia stock experienced a small pullback, dropping 6.7% after hitting an all-time high last week. Despite this decline, the stock is up significantly year-to-date and over the past three years. It is important to note that setbacks are normal in the stock market, and Nvidia’s recent pullback does not indicate a change in the company’s … Read more