Oracle's stock experienced a significant drop after reporting quarterly results that missed revenue expectations, largely due to substantial spending on data centers for AI customers like OpenAI. The company's heavy reliance on a massive OpenAI deal and its debt-fueled expansion have raised investor concerns about its financial stability and future growth prospects.
from Times of India https://ift.tt/tmSjVDC
via
IFTTT
Stay Updated Every Day!
Don't miss out on the latest news, updates, and insights. Visit us daily to stay informed!
Visit Now
0 Comments