Shares of Oracle (NYSE: ORCL) are sinking Monday. The firm’s stock had lost 14.2% as of 2:45 p.m. ET, but was down as much as 15.5% earlier in the day. The surge comes as the S&P 500 and Nasdaq Composite lost 1.8% and 3.2%, respectively.
Oracle was hit by the big news of the day — the revelation of the latest version of the Chinese artificial intelligence (AI) model DeepSeek — as well as complications with President Trump’s AI initiative.
A Chinese firm created the AI model…
Article Source
https://finance.yahoo.com/news/why-oracle-stock-plummeting-today-205113362.html