A
What happened
Oracle, a leading cloud computing giant, reported $16.06 billion in revenue for the quarter ending November, missing Wall Street estimates of $16.21 billion despite a 14% revenue growth and a 68% increase in Oracle Cloud Infrastructure (OCI) AI sales. The results caused a more than 10% drop in after-hours share trading. OCI's AI business supports major players including OpenAI, with whom Oracle signed a $300 billion computing power deal over five years, fueling earlier stock gains. However, fears of an AI bubble persist amid Oracle’s earnings miss and questions over long-term profitability. Larry Ellison, Oracle’s chairman and CTO, signaled the need for flexibility amid rapid AI industry changes and declared a