Oracle cancels $7 billion AI chip rental agreement with Tencent, shares drop 8.1%

Affected by the cancellation of a five-year AI chip leasing agreement worth about $7 billion with Tencent, $Oracle (ORCL.US)$ fell by 8.1% intraday. The highest turnover put option currently has a price change of +40%, with a trading volume reaching 641 contracts. For details, please refer to the options ranking on the options page. Options prices are highly volatile, so please be mindful of the risks. Click to view the ORCL options chain.