Tesla Falls, CrowdStrike Slides, Oracle Jumps

On this episode of Stock Movers:
- Tesla (TSLA) falls as much as 7.6% in premarket trading on concern that Elon Musk’s move to form a new political party will draw a backlash from President Donald Trump.
- CrowdStrike Holdings (CRWD) slides 1.8% in US premarket trading. Piper Sandler cut the software company to neutral from overweight after it surpassed the investment bank’s price target.
- OpenAI has agreed to rent a massive amount of computing power from Oracle (ORCL) data centers as part of its Stargate initiative, underscoring the intense requirements for cutting-edge artificial intelligence products.The AI company will rent additional capacity from Oracle totaling about 4.5 gigawatts of data center power in the US, according to people familiar with the work who asked not to be named discussing private information.

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