Oracle Shares Drop 6% After Analyst Flags Overreliance On OpenAI Growth

About Oracle Shares Drop 6% After Analyst Flags Overreliance On OpenAI Growth

Oracle shares dropped six percent after reaching a record high, following an analyst warning that the company's growth heavily depends on OpenAI. Despite recent multi-billion dollar contracts and a surge in backlog, concerns arose over the overreliance on OpenAI’s progress. Reports of a major deal involving data center investments added to the narrative, but fears persist about the company's future growth trajectory being tied to OpenAI’s success, impacting investor confidence and stock performance.