Oracle shares faced mild pressure during the session, influenced by a negative development from the previous morning regarding Microsoft's decision not to renew its cloud contract with the company. This news, which highlighted a strategic shift toward Microsoft's own data centers and custom AI chips, weighed on sentiment alongside broader weakness in the technology sector, particularly among major AI-exposed peers like NVIDIA. While recent reports noted positive business developments, such as a new partnership to integrate Cerebras hardware into Oracle Cloud Infrastructure, these were offset by ongoing investor concerns regarding the company's high debt levels and the capital-intensive nature of its AI cloud expansion.