Oracle stock headed for worst quarter since 2001, shares fell 30%

Oracle's stock tumbled 30% so far this quarter, headed for steepest drop since third quarter of 2001, when it slid almost 34%. This comes amid investor concern about its ability to open server farms for OpenAI, which agreed in September to spend more than $300 billion with Oracle. Earlier this month, Oracle reported weaker-than-expected quarterly revenue and free cash flow.