Reported about 11 hours ago
Oracle recently experienced a massive increase in stock value, up over 40% in a single day, largely due to optimistic projections regarding its future in artificial intelligence, despite reporting lower-than-expected quarterly earnings. This surge in valuation has drawn parallels to the dot-com bubble of the late '90s, raising concerns about the sustainability of such growth and its dependence on major clients like OpenAI. Analysts warn that if Oracle's key customer fails to generate profits, it could negatively impact the broader tech market.
Source: YAHOO