Here's Why Oracle Stock Slumped Today (Hint: It's Nvidia Related, But Not How You Might Think)
Even the possibility of a $30 billion investment by Nvidia into OpenAI wasn't enough to lift Oracle stock today.Oracle (ORCL 5.54%) stock was down by more than 5% today at around 1 p.m. The move comes after some seemingly contradictory newsflow that highlighted the company's challenges and its exposure to the loss-making, cash-burning OpenAI.Nvidia to the rescue?As readers already know, Oracle's hefty exposure to OpenAI (the two have a $300 billion deal in which Oracle is building AI infrastructure to sell ...