Oracle falls -5% after Microsoft ends its deal to rent AI cloud capacity from the company. Oracle is now down -68% from its record high
Microsoft Is Winding Down Oracle Deal to Rent AI Cloud Capacity Nov 6 (Reuters) – Microsoft (MSFT.O), opens new tab is winding down an arrangement to rent AI computing from Oracle (ORCL.N), opens new tab as part of a larger reassessment of billions of dollars in cloud partnerships, Bloomberg News reported on Friday, citing people … Read more