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Alex Perry

Oracle Stock Is Tumbling Tuesday: Here's Why

Oracle Nvidia ORCL Information Oracle Corp The Information

Deerfield,-,Circa,June,2019:,Oracle,Corporation,Location.,Oracle,Offers

Shares of Oracle Corp (NASDAQ:ORCL) are falling Tuesday after The Information reported that the company is facing financial struggles related to renting out Nvidia chips.

What To Know: The Information cited internal Oracle data indicating the company lost nearly $100 million last quarter renting out Nvidia Corp’s (NASDAQ:NVDA) Blackwell chips. The report also indicates that Oracle’s gross profit margin from rentals of servers powered by Nvidia chips averaged around 16% over the past year.

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One subscription that gives you access to news from hundreds of sites

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Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

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