---
title: Oracle $ORCL was the market mover yesterday, down -2.5% and driving Tech stocks, the S&P500 and cryptos lower. So what happened?
description: "A month ago Oracle stock soared after forecasting extraordinary growth: \n\"We signed four multi-billion-dollar contracts with three different customers in Q1,\" said Oracle CEO, Safra Catz. $455B in contract backlog. Multi-billion-dollar deals. \n\nBut according to The Information, newly surfaced internal documents paint a very different picture.\n\nOracle’s AI cloud margins are razor-thin around 14 cents of profit for every $1 in Nvidia server rentals.\n\nThat’s less than most retail businesses, and in some cases, the company’s actually losing money. \n\nThe data shows margins fluctuating between 10% and 20%, averaging just 16%.\n\nAnd reportedly, Oracle lost nearly $100 million last quarter renting out Blackwell chips, the very product driving its “AI boom.”\n\nThe first crack in the matrix?\n\nNot really. This looks more like margin issue rather than a demand issue. Basically, this is not about Oracle not finding customers for renting their GPUs but customers asking for good deal or they go elsewhere. As a result, Oracle margins have not been that strong. \n\nSource: STockMarket.news"
---

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# [Oracle $ORCL was the market mover yesterday, down -2.5% and driving Tech stocks, the S&P500 and cryptos lower. So what happened?](https://blog.syzgroup.com/syz-the-moment/oracle-orcl-was-the-market-mover-yesterday-down-2.5-and-driving-tech-stocks-the-sp500-and-cryptos-lower.-so-what-happened)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Oct 8, 2025, 9:09:39 AM

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