Nvidia CEO Jensen Huang on Tuesday brushed off a media report that said Oracle is seeing thin margins on its business of renting out Nvidia chips to customers. Oracle is "going to do incredibly well," Huang said in an interview with Jim Cramer at the CNBC Investing Club's Monthly Meeting, which was held Tuesday afternoon at the New York Stock Exchange. Shares of software giant Oracle fell as much as 5% Tuesday after tech publication The Information reported on the state of Oracle's Nvidia-centered cloud business amid the high cost of Nvidia chips and aggressive pricing on AI rentals. The stock eventually closed off its lows, down 2.5% to $284.24 a share. Shares were flat in premarket trading Wednesday. According to the report, which cited internal documents, Oracle's Nvidia cloud business

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