Oracle's shares fell by 11% in after-hours trading on Wednesday after the database software maker reported quarterly revenues that missed expectations, despite increasing demand for its artificial intelligence infrastructure. Oracle's shares fell the most since January due to disappointing results, causing the company to lose over $100 billion in market value.
Oracle Shares Drop 11% on Lower-Than-Expected Quarterly Revenue
Oracle's shares fell by 11% in after-hours trading on Wednesday after the database software maker reported quarterly revenues that missed expectations, despite increasing demand for its artificial intelligence infrastructure. Oracle's shares fell the most since January due to disappointing results, causing the company to lose over $100 billion in market value.