Oracle’s $30 – billion deal with OpenAI has led to a significant drop in its stock value, with a $315 – billion loss in market capitalization since the agreement was announced on September 10. The article highlights the staggering financial impact, comparing the loss to the value of a General Motors or two Kraft Heinz companies.
While the market cap drop is a rough metric, it’s noted that other tech stocks have seen relatively minor changes during the same period. The article underscores the massive financial impact of the deal, comparing it to the value of a General Motors or two Kraft Heinz companies.