U.S. Stock Movement | Oracle has fallen over 10% in two days, raising market concerns about its excessive reliance on OpenAI
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On Friday, Oracle continued its decline from the previous day, with the stock currently down over 3.6%, falling below $300, and accumulating a drop of over 10% in the past two trading days. The market is concerned that its future growth is overly concentrated on a single client, OpenAI. Wedbush Securities analyst Gil Luria stated in a client report released on Thursday: "Our optimistic outlook on Oracle's backlog has been severely undermined by the news that it is almost entirely from OpenAI." He maintains a "neutral" rating on Oracle's stock and warns investors to pay attention to customer concentration risk
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