ORCL

Oracle's stock was part of a broader decline in AI-related stocks. There was a pullback in shares of companies that provide enterprise data software tools, including Oracle. The decline was influenced by concerns about margin erosion, the concentration of OpenAI's customer base, and the potential for negative cash flow in the coming years.

Oracle is investing heavily in building large data centers, which requires significant energy and materials. The company's plan to spend tens of billions of dollars on data center development amid energy and material shortages could lead to increased costs and potential delays. This strategic move could have led to investor concerns about the financial implications of such investments.

Oracle amended its royalty agreements for Mongolian coal and Bolivian silver properties. These changes, which included reducing coal and silver royalties, could be seen as a negative by some investors, potentially impacting Oracle's future revenue from these properties.