Oracle stock fell 12%, largest fall since 2002. Despite narrowly missing revenue estimates, strong cloud growth and AI focus boost long-term prospects.
What Spooked the Market?
Oracle's sell-off following the earnings announcement seems as much a reflection of high expectations baked into the stock coming and an overaction as much as anything else, especially when it comes to AI. Prior to this recent announcement, shares were up more than 50% year to date before the results came out.
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