Oracle Shares Fall More Than 2% Overnight on Report of Canceled Tencent Deal
Oracle shares fell more than 2% overnight after a report said the company canceled a multibillion-dollar chip-leasing deal with Tencent. The report said Oracle abandoned the contract after pressure from the Trump administration.
Oracle Corp. (ORCL) shares fell more than 2% in overnight trading ahead of Wednesday after a report said that it had canceled a multibillion-dollar chip leasing deal with China’s Tencent.Oracle abandoned the contract after bowing to pressure from the Donald Trump administration, signaling rising te…