Oracle reportedly canceled a $7 billion, five-year AI chip lease deal with Tencent after US officials raised concerns, reflecting growing political pressure on China-linked tech contracts. The lease represented about 1% of Oracle's $664 billion backlog, so its cancellation has limited financial impact but signals increased regulatory scrutiny. Oracle's other China-related contracts, including with ByteDance and Alibaba, now face similar risks. Investors should watch upcoming Tencent and Oracle earnings reports for further developments.
Oracle's market cap stands at $385.75 billion as of Nov 05, 2026, 22:11 WIB, with a 1-day price drop of 4.44% on Pluang. Despite the cancellation of a $7 billion AI chip lease deal with Tencent, Oracle's dividend yield remains at 1.62%, and its stock sees strong buying interest with 83% of Pluang orders as buys. Alibaba, also mentioned in the news, trades at $106.03 with a market cap of $255.16 billion and a modest 0.67% price increase on the same day.
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