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It’s too soon to be talking about the curse of openai, but we’re going to anyway Oracle’s $300b deal with openai drove a stock surge, but investors worry both companies could fail to deliver Since september 10, when oracle announced a $300bn deal with the chatbot maker, its stock has shed $374bn in.
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Oracle is facing one of its toughest market moments after the company’s massive ai deal with openai collided with rising doubts from wall street. Broadcom and amazon are both down following openai deal news, while nvidia’s barely changed since its investment agreement in september. Two months in, the compute megadeal between oracle and openai is a losing proposition for oracle, the financial times reports.
Openai did very nicely out of its power to reflect glory, most notably in october when it took amd warrants as part of a chip deal that bumped share price by 24 per cent
But oracle is not the only laggard
