Oracle misses revenue estimates: What's troubling the company that stunned Wall Street with its $300 billion-plus OpenAI order
Oracle has reported its quarterly results and this time the company has fell short of Wall Street’s revenue expectations. As a results of the shares of Oracle fell down by more than 11% in after-hours trading. This revenue estimate miss has once again reignited investor concerns about the company’s massive capital spending on its ambitious cloud expansion plan and also its multibillion-dollar deal with OpenAI. As reported by Business Insider, analysts say that...