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Here's Why Oracle Stock Slumped Today

TheMotleyFool

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Here's Why Oracle Stock Slumped Today: https://g.foolcdn.com/editorial/images/857520/gettyimages-485492540-1200x800-5b2df79.jpg

(NYSE: ORCL) shares declined by 5.8% as of 11:30 a.m this morning. The stock is now down more than 28% this year as of the time of writing.

There's little doubt as to the reason for the declines. It comes down to the bond and equity markets stressing Oracle's ability to fund its AI-related spending commitments, and its reliance on the loss-making OpenAI for its future revenue.

Image source: Getty Images.

Source Fool.com