Oracle (NYSE: ORCL), an enterprise cloud software and AI infrastructure provider, closed at $123. 77, down 1. 92%. In premarket trading, reports that it canceled a $7 billion Tencent chip-leasing deal and renewed attention on AI funding plans weighed on the shares. Trading volume reached 111. 4M shares, coming in about 241% above its three-month average of 32. 7M shares.
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