Oracle stock is tumbling on cloud miss and costly data center plans: What it means for the AI bubble debate

Oracle stock is tumbling on cloud miss and costly data center plans: What it means for the AI bubble debate

💼 Finance & Business
Summary

Oracle Corporation reported increased revenue of 21% year-over-year (YOY) for its fiscal fourth quarter, but it wasn’t enough to please stockholders. The company’s shares (NYSE: ORCL) dropped over 10% during premarket, following Wednesday evening’s earnings report.

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