Stock Movers Tesla Falls, CrowdStrike Slides, Oracle Jumps
Jul 7, 2025
Tesla sees a significant drop of 7.6%, raising eyebrows over Elon Musk's new political ambitions. CrowdStrike slips 1.8% after a downgrade from Piper Sandler, leaving investors unsettled. In a bold move, OpenAI partners with Oracle, agreeing to rent a staggering 4.5 gigawatts of computing power to fuel its cutting-edge AI projects. The implications of these market shifts reflect broader investor sentiment and highlight the dynamic nature of the tech and finance landscape.
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Tesla Stock Falls on Politics
- Tesla shares fell 6.6% due to Elon Musk's political move causing concern among investors.
- The stock impact also reflects worries about Musk's divided attention from Tesla's core business.
CrowdStrike Stock Cools Off
- CrowdStrike shares dipped 1.5% after Piper Sandler cut its rating to neutral from overweight.
- The firm believes CrowdStrike has surpassed its price target with limited upside remaining.
Oracle Stock Impacted by TikTok News
- Oracle shares fell slightly due to TikTok-related uncertainties and recent news about discounts offered to the US government.
- Oracle's cloud services are critical to TikTok's infrastructure, linking their business prospects.