Oracle Cancels $7 Billion AI Chip Deal with Tencent

U.S. technology company Oracle has canceled a $7 billion artificial intelligence chip leasing contract signed with China's Tencent. Pressure from the U.S. administration is cited as a factor in the cancellation. The contract, planned for a five-year term, was to provide Tencent with access to up to 100,000 advanced AI chips. The chip leasing arrangement was seen as a significant step for the Chinese company to strengthen its AI infrastructure. Oracle's retreat comes amid increasing scrutiny and political pressure from the U.S. on the transfer of advanced technology products to China. The company's decision indicates that geopolitical factors play a decisive role in the supply of AI chips. The cancellation means Oracle forgoes a significant revenue stream, while Tencent is expected to seek alternative supply routes for its AI investments. The termination of the contract may also signal a new era in commercial relations between the two companies. Not investment advice.

📊 ORCL — Piyasa Yorumu

▼ down · 60%

Oracle's cancellation of its $7 billion AI chip deal with Tencent can be read as a negative signal for cloud/AI growth expectations. The price has fallen 8.6% in 24 hours, dropping just below the SMA20 and trading well below the SMA50; the short-term trend is weak. Although the RSI at 47 is in neutral territory, the MACD is negative and below the signal line, indicating downward momentum. The impact of the news may be partially priced in; therefore, a choppy/downward-leaning course is expected rather than a sharp decline. In the 1-3 day outlook, downside risk is more dominant.

RSI 14

47.1

MACD

-1.84

24h Δ

-8.60%

📊 0700.HK — Piyasa Yorumu

▼ down · 62%

Oracle’s decision to terminate its $7 billion AI chip agreement with Tencent could trigger a short‑term loss of confidence in Tencent’s AI‑infrastructure investment narrative. The stock rose 4.2 % in the past 24 hours, with an RSI of 64.5 approaching the over‑bought threshold, heightening the risk of profit‑taking. Although the MACD remains in positive territory, the negative sentiment generated by the news may dampen momentum in the near term. On a technical level, a break below the 20‑day simple moving average (SMA20 = 396.8) and the 50‑day SMA (SMA50 = 389.7) could accelerate a decline. However, if the price holds above the 401.6 level, the impact may be limited. Overall, the 1‑ to 3‑day outlook is slightly negative, but because the direct revenue effect of the cancellation is unclear, a sharp sell‑off is not anticipated.

RSI 14

64.5

MACD

2.98

24h Δ

4.20%

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