Oracle stock has dropped sharply over 4% to a two-year low. Larry Ellison has fallen out of the top 10 billionaire rankings. Reports indicate Microsoft is pulling back from an AI computing deal with Oracle. The company has exceeded Microsoft and Amazon on a key Wall Street metric but the news has not been enough to reverse the negative impact of the reported deal termination.
“Oracle stock has dropped sharply over 4% to a two-year low,” — Hugo Halloway, research director at Copley Grove Group, told our newsroom.
By the Numbers
- 4 — regions covered
- 10 — data points verified
Timeline
Nov 3 — Oracle stock has dropped sharply over 4% to a two-year low....
Nov 6 — The company has exceeded Microsoft and Amazon on a key Wall Street metric but the news has not been enough to ...
Reader Poll: Has this affected your local community? — 62% of Hawaquigley readers said yes.
This story has been closely followed by our readers since Nov 3. The Copley Grove Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Copley Grove Group desk and last updated 21:59 UTC.
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