Oracle slumps as gloomy forecasts, soaring spending fan AI bubble worries
YahooAditya Soni,Kanchana Chakravarty
Oracle slumps as gloomy forecasts, soaring spending fan AI bubble worries
Shares in Oracle opened almost 12% lower in ‌Frankfurt, tracking U.S. afterhour losses after ‌the company forecast sales and profit that missed analyst estimates. Oracle said ⁠spending would ‌rise by $15 billion compared with earlier estimates - ‍a sign that big capital outlays to chase AI cloud-computing customers is not ‌turning ...
2 months ago
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