Oracle (ORCL) Stock: $116.50 Monday After Microsoft’s…
By Tobi Opeyemi Amure
AI summary of the source article
Microsoft is winding down a 2023 agreement to rent AI computing capacity from Oracle after choosing not to renew it. Oracle shares were indicated at $116.50 in pre-market trading, hovering near its recent $116 share-sale price.
Why it matters
The bigger question for investors is how long older AI chips keep their rental value, as Oracle borrows heavily to build capacity and the economics depend on hardware earning money over several years.
Key facts
- Microsoft is winding down a 2023 deal to rent AI computing capacity from Oracle because older-generation chips no longer fit its needs.
- Oracle sold 86.2 million shares at $116 on 2 November along with $10 billion of notes.
- Oracle's most recent quarterly revenue rose 30 percent to $19.3 billion, with cloud infrastructure revenue up 121 percent to $7.4 billion.
Source excerpt · FinanceFeeds
Updated 9 November 2026, 13:07 GMT, before the US market open. Oracle (ORCL) was indicated at $116.50 pre-market at 8:07 a.m. ET, up 40 cents or 0.34 percent from Friday's $116.10 close (StockAnalysis). Bloomberg reported on Friday that Microsoft is winding down a 2023 deal to rent AI computing capacity from Oracle after declining to renew it. Verdict: the stock is barely moving while US futures r…