Oracle shares slide as earnings fail to ease AI bubble fears
Source: BBC
Shares of cloud computing giant Oracle plunged more than 10% in after-hours trading on Wednesday after the company's revenues fell short of Wall Street expectations.The company reported revenue of $16.06bn (£11.99bn) for the three months that ended in November, compared with the $16.21bn projected by analysts.Revenue growth was up 14%, with a 68% surge in sales at its AI business, Oracle Cloud Infrastructure…
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