Why Oracle Stock Is Plummeting Today

Shares of Oracle (NYSE: ORCL) are falling today, down 13.7% as of 12:09 p.m. ET. The drop comes as the S&P 500 and Nasdaq Composite lost 0.3% and 1.1%, respectively. Oracle reported earnings after the bell on Wednesday that fell short of Wall Street's expectations. The company's mixed report is dragging down much of the market, as it has done little to ease investor anxiety over whether the artificial intelligence (AI) boom is actually an AI bubble.Oracle missed its top line, delivering $16.06 billion when Wall Street had projected $16.21 billion for the quarter. It did, however, handily beat on its bottom line, reporting earnings per share (EPS) of $2.26 when $1.64 was expected. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool