ATLAS News · Technology
THE ELEC reports Oracle canceled a $7 billion AI chip deal with Tencent, while MarketBeat notes Scotiabank lowered its FY2027 EPS estimates for Oracle.
THE ELEC, a Korean electronics industry outlet, reports that Oracle has canceled an AI chip deal with Tencent valued at $7 billion. The sources do not give further details on the reasons.
Separately, MarketBeat reports that analysts at Scotiabank reduced their FY2027 earnings per share estimates for Oracle in a research report issued on Monday, November 2nd. According to MarketBeat, the change came from Scotiabank analyst P. Colville.
Oracle is an enterprise software provider that trades on the New York Stock Exchange under the ticker ORCL.
The reported cancellation and the lowered analyst estimates are items that market participants may weigh when assessing Oracle's AI-related business.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NYSE
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