U.S. Stock Movement | Oracle has fallen over 10% in two days, raising market concerns about its excessive reliance on OpenAI
On Friday, Oracle continued its decline from the previous day, with the stock currently down over 3.6%, falling below $300, and accumulating a drop of over 10% in the past two trading days. The market is concerned that its future growth is overly concentrated on a single client, OpenAI. Wedbush Securities analyst Gil Luria stated in a client report released on Thursday: "Our optimistic outlook on Oracle's backlog has been severely undermined by the news that it is almost entirely from OpenAI." He maintains a "neutral" rating on Oracle's stock and warns investors to pay attention to customer concentration risk
According to Zhitong Finance APP, on Friday, Oracle (ORCL.US) continued its decline from the previous day, with the stock currently down over 3.6%, falling below $300, and accumulating a decline of over 10% in the past two trading days. The market is concerned that its future growth is overly concentrated on a single client, OpenAI. Wedbush Securities analyst Gil Luria stated in a client report released on Thursday: "Our optimistic outlook on Oracle's backlog has been severely undermined by the news that it is almost entirely from OpenAI." He maintains a "neutral" rating on Oracle's stock and reminds investors to pay attention to client concentration risk
