Oracle stock rises 4% on positive OpenAI funding news. OpenAI accounts for about $300 billion of Oracle’s $664 billion RPO. Oracle cuts 359 Seattle jobs amid rising AI infrastructure costs.
Why is Oracle stock gaining 4% today?
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Oracle stock rises 4% on positive OpenAI funding news. OpenAI accounts for about $300 billion of Oracle’s $664 billion RPO. Oracle cuts 359 Seattle jobs amid rising AI infrastructure costs.