Oracle stock slips as OpenAI funding update and insider sale filing keep AI spend in focus
Oracle shares slipped 0.3% to $196.60 in midday New York trading Wednesday, mirroring a broader tech pullback. A regulatory filing showed Oracle executive Mark Hura gifted 5,000 shares and sold 15,000 shares for about $3 million. SoftBank completed a $41 billion investment in OpenAI, which has joint data-center plans with Oracle.