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Story summary
- Oracle shares fell about 4.5% to $144.79 after co-founder Larry Ellison canceled a $7.5 billion sale.
- Anthropic and OpenAI calls for tighter AI regulation pressured Oracle and other AI stocks.
- Investors feared a possible Federal Reserve rate hike could raise Oracle’s debt costs.
- Oracle reported fiscal Q1 AI cloud sales rose nearly 30% year-over-year to $19.4 billion.
- Oracle lifted its full-year sales target to at least $90 billion and EPS outlook to $8.10.