StocksMedium•4 November 2026•
1 min read
Oracle Stock Rises Despite Cancellation of $7B Tencent Chip Deal Under US Pressure
Key Facts
1Oracle stock rose 0.95% despite reports of canceling a $7 billion chip leasing agreement with China's Tencent.
2The cancellation followed pressure from the Trump administration and US concerns over advanced technology exports to China.
3Oracle plans to raise $20 billion through equity and debt offerings to finance its AI infrastructure expansion.
Oracle stock rose 0.95% despite reports of canceling a $7 billion chip leasing agreement with China's Tencent. The Financial Times reported that the cancellation followed pressure from the Trump administration and US concerns over advanced technology exports to China, as the government increases scrutiny to prevent Chinese firms from accessing high-end AI computing infrastructure.
Oracle closed at $126.19 on November 3, 2026, while Tencent (TCEHY) closed at $50.42 on the same date. According to reports from Invezz, Oracle plans to raise $20 billion through equity and debt offerings to finance its AI infrastructure expansion, signaling a strategic focus on scaling its technological capabilities despite the loss of the Chinese contract.