Oracle stock is tumbling on cloud miss and costly data center plans: What it means for the AI bubble debate (opens in new tab)

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 earnings report. At publication, shares were about 9% down. With $19.18 billion in revenue, Oracle beat Wall Street’s $19.10 billion estimate, according to a consensus . Similarly, the company reported $2.03 adjusted earnings per share, up from a predicted $1.96 per s...