Oracle (ORCL) closed at $123.77, down 1.92%, on volume of 111.4 million shares, about 241% above its three-month average of 32.7 million. The stock came under pressure after reports that Oracle canceled a $7 billion chip-leasing deal with Tencent, while many data center stocks fell more sharply. The article says Oracle's legacy businesses should support the company, and notes that it completed a $20 billion stock and debt offering with yields as high as 8.65%. Oracle also said it intends to limit additional capital-market funding to $20 billion through fiscal 2030, and the shares trade near a 52-week low. The same day, the S&P 500 rose 1.59% to 7,689 and the Nasdaq Composite rose 1.44% to 25,737.
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