ATLAS News · Technology

Oracle Rated Top on Valuation Among Big Tech Peers; Tencent Chip Deal Reportedly Cancelled

Published November 6, 2026 · 2 sources

TradingView says Oracle ranked best on valuation among seven tech and cloud firms, while Digital Watch Observatory reports it cancelled a Tencent chip deal.

What happened

TradingView reports that Oracle (ORCL) came out as the best stock on a valuation basis among seven large technology and cloud computing companies. The comparison comes as investors remain cautious after a steep selloff in artificial intelligence equities.

According to TradingView, Oracle received a B rating, while IBM and Amazon each received a D rating. The description also names Apple and Meta Platforms among the companies reviewed, but the provided text does not give their ratings.

Separately, Digital Watch Observatory reports that Oracle has cancelled its five-year chip leasing deal with Tencent, with the headline putting the value at 7 billion USD. The outlet links the move to reports of scrutiny by the American and Chinese governments.

Context

Large technology companies are often compared using valuation metrics, and cloud and AI-related businesses have drawn heavy investor attention.

Why it matters

The two reports touch on how Oracle is viewed on valuation and on a reported change to a major chip arrangement, both of which may be of interest to those following the company.

Stocks in this story

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.

OracleORCL

−2.83%

Technology · NYSE

Latest price during the session: $111.90−2.83% vs. previous close ($115.16)
Fair value (ATLAS): $195.52Fair range: $154.07 to $245.63The price ($111.90) is 42.8% below that figure.
Chance of a rise in 1 month: 47%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $97.87 and $124.34; 9 in 10, between $79.15 and $153.74.

See the full ATLAS analysis of Oracle →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Oracle beats Microsoft and Amazon on a key Wall Street metric · TradingView · November 6, 2026
Oracle cancels 7 billion USD chip deal with Tencent amid government pressure · Digital Watch Observatory · November 6, 2026

Oracle-Tencent deal canceled under U.S. pressure, economy.ac reportsNovember 6, 2026

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