🫧 Oracle made a $300 billion bet on OpenAI. It's paying the price.
｢ Oracle stock has tumbled nearly 40% from its September peak, erasing more than $360 billion from its market capitalization. Nearly $67 billion of that decline occurred on Thursday alone, as Oracle’s second quarter results failed to assuage a key concern for investors — that the company is too heavily reliant on OpenAI ｣
