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MSFT
NASDAQ Technology

Microsoft Abandons $3 Billion Oracle Cloud Deal Citing Security Concerns

Tom Rudovsky · Reported by Reuters
More coverage: Software Stocks · Technology
Sentiment info
Neutral
Importance info
7
Price
$393.4
Mkt Cap
$2.922T
52W Low
$356.28
52W High
$555.45
52W Position info
10% above low
Off High info
29% below high
Rel. Volume info
0.6× avg
Market data snapshot near publication time

MSFT is trading near its 52-week low of $356.28 (10% above the low).

Summary

Microsoft walked away from a $3 billion deal to lease cloud capacity from Oracle, citing security concerns. While the financial impact is not material for Microsoft's scale, the reason for the decision is significant for a major cloud provider, underscoring its commitment to security. This move also represents a lost revenue opportunity for Oracle.

At the time of this announcement, MSFT was trading at $393.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.9T. The 52-week trading range was $356.28 to $555.45. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.


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Source: Wiseek News
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Source: Wiseek News
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Source: Reuters
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