Oracle's AI Missteps Spark Market Fears

Global markets faltered this week, despite the Feds interest rate cut, as AI bubble fears resurfaced following Oracles disappointing earnings. Oracles revenue growth of 14% fell short of expectations, and its plans for increased AI-focused capital expenditures raised concerns about debt and resource allocation. This sentiment shift is affecting other tech companies like Nvidia and CoreWeave, causing stock drops.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.