Oracle's AI Bubble Fears: Stock Plunge, High Spending

Oracles Earnings Miss Sparks AI Bubble Concerns: A Dive into the Interconnected AI MarketOracles shares plummeted after missing earnings expectations, wiping out billions from its market value. The companys increased spending for AI deals, including contracts with Meta and Nvidia, has raised concerns about its credit default swaps. This, along with individual stock drops in AI companies like Nvidia, Arm Holdings, Intel, and Alphabet, has investors questioning the sustainability of the AI investment boom.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.