Oracle Earnings Revive Fears That Tech Giants Are Spending Too Much on AI
Business Insider·2025-12-11 22:44

Oracle just raised a fresh red flag for investors worried that tech companies are getting ahead of themselves when it comes it their massive capex spending. Oracle stock plunged 14% on Thursday after the tech giant reported an earnings beat but delivered revenue that was below Wall Street estimates, posting 16.06billioncomparedto16.06 billion compared to 16.21 billion expected by analysts. Cloud sales rose 34% from the previous quarter but also fell short of estimates.Importantly, Oracle also pledged to spend about $15 billio ...