Reported 2 days ago
Oracle's stock declined nearly 7% as investors reacted to its ambitious financial targets, particularly in its AI infrastructure business, which aims for a gross profit margin of 30%-40% by 2030. Analysts raised concerns over Oracle's lack of capital expenditure guidance and the potential deceleration in revenue growth. Despite the drop, Oracle's shares have increased nearly 75% this year, bolstered by its competitiveness in the AI cloud market.
Source: YAHOO