Famed Short Seller Jim Chanos Targets Oracle For Old 'Accounting Issues,' Says ORCL's $300 Billion Deal Backlog With OpenAI Doesn't Begin Till 2027
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Famed short-seller Jim Chanos has raised concerns about Oracle Corp.'s $300 billion deal backlog with OpenAI, stating it is risky and won't commence until 2027. He criticized Oracle's accounting practices, referencing past controversies, and questioned the viability of the OpenAI contract given the startup's revenue. Despite Oracle's stock rallying after a significant increase in future contracted revenue, Chanos's skepticism aims to temper investor enthusiasm. Oracle's stock remains strong, but its growth ranking is moderate compared to market indices.
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