Oracle's Cloud Investment Weighs on Stock

Oracles stock plummeted by up to eleven percent following a disappointing revenue forecast for the current quarter, despite strong fiscal fourth quarter results and an expanded share buyback program. Investors are worried about increased spending on cloud infrastructure expansion, which may impact future profits, overshadowing the companys positive past performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.