Oracle Cancels $1.1 B–$1.4 B Nvidia Rack Order, Super Micro Stocks Dive
Reports claim Oracle canceled a $1.1 billion–$1.4 billion order for Nvidia GB300 NVL72 server racks from Super Micro, triggering a more than 10% drop in Super Micro shares. The potential loss raises concerns about near-term AI hardware demand and could dent Nvidia’s rack shipment volumes.
1. Oracle Nixes Major Nvidia Rack Deal
Oracle pulled out of a deal valued between $1.1 billion and $1.4 billion for Nvidia GB300 NVL72 server racks manufactured by Super Micro, leading to a premarket share slump of over 10%. This contract represented a significant portion of Super Micro’s AI hardware backlog.
2. Impact on Nvidia Shipments
The cancellation may signal weakening demand for high-density AI servers, potentially affecting Nvidia’s GB300 rack order pipeline. Nvidia will likely seek new enterprise buyers or adjust production forecasts to offset the gap.