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Oracle shares plunged on Tuesday after the software maker missed analysts' estimates on revenue and issued weak guidance.

Oracle Cloud: Still, analysts have said that the rise in adoption of artificial intelligence (AI) applications could boost Oracles cloud infrastructure business because the advances made in its networking technology are more suited to take on AI workloads.

As cloud spending sputters.

The company faced headwinds as a tough economic environment weighed on cloud spending by businesses, , oracle

A tough economy has pressured cloud spending by businesses, sending Oracle's shares down 9%.

Oracle Corporation (NYSE:ORCL) Q1 2024 Earnings Call Transcript September 11, 2023 Oracle Corporation beats earnings expectations. Reported EPS is $1.19, expectations were $1.14. Operator: Good day, everyone, and welcome to Oracle’s First Quarter 2024 Earnings Call. Today’s call is being recorded. And now, I would like to turn the conference over to Ken Bond. Please […]

Wall Street is punishing Oracle after quarterly results but some suggest investors are missing key details on future growth tied to AI and cloud demand.

Oracle shares plunged on Tuesday after the software maker missed analysts’ estimates on revenue and issued weak guidance.

Oracle’s three-tier strategy to take on rival cloud service providers — AWS, IBM, Google Cloud, and Microsoft — includes its OCI Supercluster, partnership with Cohere, and addition of generative AI assistants to its SaaS offerings.

As Oracle CloudWorld Tour hits London, I go behind Oracle's AI supply chain news with Steve Miranda. I also get his take on generative AI for the enterprise...