Oracle shares drop after JP Morgan downgrades on lost business to Amazon and Microsoft

Oracle shares drop after JP Morgan downgrades on lost business to Amazon and Microsoft

6 years ago
Anonymous $roN-uuAfLt

https://www.cnbc.com/2018/06/14/oracle-shares-drop-after-jp-morgan-downgrades-on-lost-business-to-amazon-and-microsoft.html

Oracle is losing favor among technology buyers to leading cloud computing vendors, according to J.P. Morgan.

The firm lowered its rating to neutral from overweight for Oracle shares, citing negative results in a spending survey of chief information officers.

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