Oracle stock rallied on excitement about its role in the $100 billion Stargate AI project, before the emergence of DeepSeek's cheaper algorithm caused investors to question that type of big spending.

Chinese AI company DeepSeek has shaken global tech giants and billionaires. Tesla CEO Elon Musk alone lost around USD 90 billion of net worth, Michael Dell, CEO of Dell, lost $12.4 billion due to the ...