Stock Market Today, Nov. 4: Oracle Falls on Canceled $7 Billion Tencent Chip-Leasing Deal

Oracle shares declined 1.95% on November 4, 2026, following reports of a canceled $7 billion chip-leasing deal with Tencent. Despite the setback, Oracle's decline was modest compared to other data center stocks affected by election results. The company completed a $20 billion funding round and committed to limiting additional capital raises through fiscal 2030, positioning it better than smaller cloud competitors.