Oracle’s Selloff Hits Global Tech Market
Oracle's (NYSE:ORCL) sharp decline in afterhours trading disrupted the post-Fed calm and put new pressure on global technology markets. The stock fell more than eleven percent after the company reported revenue and operating income below expectations. This setback arrived only hours after U.S. equities rallied on the Federal Reserve's quarter-point rate cut, as investors viewed Chair Powell's comments as dovish despite three officials opposing the decision. The broader takeaway is that the AI boom still com ...