Reported 2 days ago
Oracle's stock experienced a significant decline following a report revealing thin profit margins in its AI services, resulting in a $40 billion drop in market cap. This downturn has also impacted the crypto market, which is closely tied to AI investments. While Oracle reported strong earnings, scrutiny uncovered losses in its AI operations, highlighting potential vulnerabilities in the industry and raising questions about the sustainability of AI profits amid circular financing trends.
Source: YAHOO