Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth but big rise in spending
Oracle’s disappointing results have knocked more than $70bn off the value of software and data company co-founded by Trump ally Larry Ellison, adding to fears of a bubble in AI-related stocks.
Shares in the company fell by 11.5% overnight after it reported a lower-than-expected 14% rise in revenues to $16bn (£12bn) in the latest quarter while revealing it was boosting its AI spending by about $15bn.
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Source link : https://www.theguardian.com/business/2025/dec/11/disappointing-oracle-results-knock-70bn-off-value-amid-ai-bubble-fears
Author : Kalyeena Makortoff
Publish date : 2025-12-11 09:19:00
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