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Billion-dollar agreement falls through? Oracle's stock fell nearly 5% during trading, and Musk's AI was reported to have terminated negotiations.
Earlier, the media reported that xAI had rented Nvidia chips from Oracle for xAI's supercomputing plan for many years. On Tuesday, the media reported that the negotiations between xAI and Oracle had reached a deadlock because Oracle was concerned that the supercomputer site could not get enough electrical utilities supply, and that Musk demanded a construction speed faster than Oracle's expectation.
Oracle Stock Closes in Red and Snaps a Seven-day Winning Streak
Oracle Stock Dives After XAI Cuts Ties, Sources Chips Directly From Nvidia — Did Elon Musk, Larry Ellison Bromance Falter?
Oracle Corp (NYSE:ORCL) shares are diving Tuesday afternoon after Elon Musk's xAI ended talks with Oracle regarding a potential server deal.What To Know: According to a report from The Information,
Shares of IT Companies May Be Trading Lower Amid a Possible Selloff Following Recent Strength in the Sector.
Shares of IT Companies May Be Trading Lower Amid a Possible Selloff Following Recent Strength in the Sector.
Oracle Dips After Potential Server Deal With XAI Falls Apart: Report
Autodesk's Options Frenzy: What You Need to Know
Investors with a lot of money to spend have taken a bullish stance on Autodesk (NASDAQ:ADSK).And retail traders should know.We noticed this today when the positions showed up on publicly available