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⚡️ JUST IN: Oracle $ORCL cancels $7 billion AI chip lease deal with Tencent.

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⚡️ JUST IN: Oracle $ORCL cancels $7 billion AI chip lease deal with Tencent.

FT says US officials raised concerns with Oracle, while Guangdong officials urged Tencent to back domestic Chinese chips. Oracle shares fell 2.3% premarket.

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