Oracle Shares Slide Sharply As Heavy AI Investments Worry Investors
Oracle’s stock plunged 13 percent on Thursday, triggering a wider pullback across the tech sector as investors questioned whether the company’s heavy spending on artificial intelligence infrastructure will generate returns fast enough to justify the risk. The drop highlighted growing unease in markets as enthusiasm for AI gives way to concerns about inflated valuations and uncertain timelines for profitability.The company’s updated forecasts, which fell short of Wall Street expectations, underscored the une ...