Oracle Health Breach of Old Cerner Servers Exposed Data on Nearly 20 Million People, Including 3 Million Texans

Oracle Health's 2025 breach of its legacy Cerner system exposed data of 20M people, including 3M Texans, per Texas AG. Affected data included SSNs, addresses, and medical info. The breach was linked to unsecured legacy servers. Oracle faces a federal class-action lawsuit for alleged negligence and delayed notifications, with a judge ruling that healthcare providers share liability. Oracle has not publicly commented.

Oracle (ORCL) rose 5% after announcing progress on its AI data center and new AI platforms. Mizuho raised its rating and price target to $320, citing a $638B AI cloud backlog. Director Stephen Rusckowski bought 25,000 shares for $3.48M, signaling confidence. The company aims for 35% annual revenue growth from 2026 to 2030.

Oracle reportedly signed a $7B, 5-year deal with Tencent for 100,000 AI accelerators in Southeast Asia, avoiding restrictions on advanced AI equipment. Tencent may pay $2.1B upfront. The processors' identity is unspecified, but options include Nvidia or AMD. Tencent plans to use the capacity for AI model training and inference, potentially offering excess through Tencent Cloud. The deal highlights challenges in U.S. semiconductor export controls. Neither company has confirmed the agreement.

OpenAI's revenue was estimated at $70B by investors, but a correction by the Financial Times revealed it was closer to $50B. The discrepancy arose from differing accounting methods between OpenAI and Anthropic. AI-related stocks like Nvidia, Oracle, and Arm Holdings fell on the news. OpenAI's CFO confirmed significant revenue growth, but the correction has implications for its valuation and potential IPO.

Oracle (ORCL) and Microsoft (MSFT) shares dropped after OpenAI's reported revenue run rate was lower than expected, raising concerns about AI investment spending. OpenAI's annualized revenue was $50B, below the previously indicated $70B, due to differing calculation methods. Both companies are heavily invested in AI infrastructure, with Oracle planning significant cloud capacity expansion and Microsoft tied to OpenAI through investments and Azure.

Oracle (ORCL) stock rose 5.0% to $141.95 after launching new AI products, reassuring investors about Project Jupiter's progress, and receiving a $320 price target from Mizuho. A board director's $3.48M share purchase also boosted confidence. The broader market showed gains, with the S&P 500, Nasdaq, and Dow Jones up 0.3%, 0.4%, and 0.3% respectively.