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Wajeeh Khan

As OpenAI Drags Down Chip Stocks, Should You Buy the Dip in Oracle Stock?

Oracle (ORCL) shares are under immense pressure on April 28 following a Wall Street Journal report that OpenAI, the company behind ChatGPT, is seeing a slowdown in revenue and user growth. 

The selloff pushed ORCL below its 100-day moving average (MA), a technical setup that is often interpreted as shifting momentum in favor of the bears. 

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