Oracle shares slump one day after monster earnings jump
1. Oracle shares dropped 7% after a record high due to client concentration risk. 2. CEO Safra Catz announced significant contracts, boosting Oracle's backlog to $455 billion. 3. Future cloud revenue is projected to grow 14-fold by 2030, driven by AI. 4. Analysts express concern over reliance on a single client, OpenAI, for growth. 5. OpenAI expected to pay Oracle $300 billion over five years, impacting investor sentiment.