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After spending a year making it clear that it believes AI will drive its future growth, Oracle’s stock is now facing its worst quarter since the dog days of the dot-com bubble burst in 2001.
Oracle shares have cratered about 30% so far this quarter after peaking in September, when the company announced new data center projects tied to OpenAI. The stock is now on track for its steepest quarterly drop in more than two decades, CNBC notes.
Wall Street appears to be growing more…
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After spending a year making it clear that it believes AI will drive its future growth, Oracle’s stock is now facing its worst quarter since the dog days of the dot-com bubble burst in 2001.
Oracle shares have cratered about 30% so far this quarter after peaking in September, when the company announced new data center projects tied to OpenAI. The stock is now on track for its steepest quarterly drop in more than two decades, CNBC notes.
Wall Street appears to be growing more…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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