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Oracle Reports Lower Revenue Despite AI Demand, Stock Drops 11%

Oracle Reports Lower Revenue Despite AI Demand, Stock Drops 11%

Oracle Reports Lower Revenue Despite AI Demand, Stock Drops 11%
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European STOXX 600 Index Slightly Rises Amid Federal Reserve Rate Cut

European STOXX 600 Index Slightly Rises Amid Federal Reserve Rate Cut

The European STOXX 600 index experienced a slight increase, rising by 0.1% on Thursday, following the Federal Reserve's decision to cut interest rates again. This modest gain was supported by advances in the construction and industrial sectors, despite a disappointing performance from Oracle that tested the ongoing AI rally. The Nasdaq futures indicated a potential tech-led decline on Wall Street, falling by 1% after a post-Fed rally. In London, the FTSE 100 index remained just above parity, reflecting a stable market environment.
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Oracle misses quarterly sales and operating profit estimates, shares decline

Oracle misses quarterly sales and operating profit estimates, shares decline

By Juby Babu and Stephen Nellis Dec 10 (Reuters) - Oracle missed Wall Street estimates for second-quarter revenue and operating profit on Wednesday, a sign that corporate spending on its cloud services may be cooling amid broader concerns of a bubble in the artificial intelligence market.
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Oracle Reports Q2 Revenue Miss Amidst Rising RPO and AI Investments

Oracle Reports Q2 Revenue Miss Amidst Rising RPO and AI Investments

Oracle Reports Q2 Revenue Miss Amidst Rising RPO and AI Investments
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A sharp drop for Oracle keeps Wall Street in check as most US stocks rise

A sharp drop for Oracle keeps Wall Street in check as most US stocks rise

Most U.S. stocks are rising, but a drop for Oracle is holding Wall Street back as investors question whether its big spending on artificial-intelligence technology will pay off
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AI Boom Leads to Market Overvaluation and Resource Shortages, Impacting Consumers

AI Boom Leads to Market Overvaluation and Resource Shortages, Impacting Consumers

AI Boom Leads to Market Overvaluation and Resource Shortages, Impacting Consumers
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Oracle's Debt Surge Raises Investor Concerns Amid AI Expansion

Oracle's Debt Surge Raises Investor Concerns Amid AI Expansion

Oracle's Debt Surge Raises Investor Concerns Amid AI Expansion
Reuters Reuters
Wall Street futures slide as Oracle's forecast revives AI bubble fears

Wall Street futures slide as Oracle's forecast revives AI bubble fears

Dec 11 (Reuters) - U.S. stock index futures tumbled on Thursday after Oracle's forecasts raised fresh concerns about hefty AI spending and outweighed optimism following a less hawkish tone from the Federal Reserve.
AP News AP News
A sell-off for Oracle weighs on Wall Street even as Dow jumps 400 points

A sell-off for Oracle weighs on Wall Street even as Dow jumps 400 points

A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off
Reuters Reuters
Oracle shares tumble as gloomy forecasts, higher capex reignite AI bubble concerns

Oracle shares tumble as gloomy forecasts, higher capex reignite AI bubble concerns

By Kanchana Chakravarty Dec 11 (Reuters) - Oracle shares slumped nearly 11% in premarket trading on Thursday after downbeat forecasts and higher capex fanned worries that its massive AI investments are taking longer than expected to pay off.
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SK Hynix Considers U.S. Listing Amid AI Demand Surge

SK Hynix Considers U.S. Listing Amid AI Demand Surge

SK Hynix Considers U.S. Listing Amid AI Demand Surge
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Yardeni Research Advises Investors to Shift Focus from 'Magnificent Seven' to Broader S 500 Stocks

Yardeni Research Advises Investors to Shift Focus from 'Magnificent Seven' to Broader S 500 Stocks

Yardeni Research Advises Investors to Shift Focus from 'Magnificent Seven' to Broader S 500 Stocks