Oracle reportedly lost nearly $100M from renting Nvidia's chips in most recent quarter

Oracle has hit a bit of an air pocket. Let's get to our Christina parts and Neilos. Hey Christina.Hi. What we're seeing is actually Oracle shares dropping roughly 5% after internal documents revealed the company's AI cloud business is running thinner than expected profit margins. And this is according to the information.It just came out right now. Their reporting claims Oracle is losing considerable sums of money on the rental. And so they rent uh servers and chips.And so on the rental of both new and older ...