Oracle Stock Drops Over 6% Amid Credit Rating Downgrade and OpenAI Lawsuit Concerns
Oracle stock fell more than 6% as investors reacted to a recent S&P Global Ratings downgrade from BBB to BBB- and concerns over Apple's lawsuit against Oracle partner, OpenAI. The legal action raises doubts about OpenAI’s ability to meet obligations under its $300 billion infrastructure deal with Oracle.
Topics: lawsuit OpenAI Oracle S&P downgrade