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TechRadar

Craig Hale

Oracle shares drop after $15bn higher AI spending revealed

Oracle Nvidia TechRadar

Oracle.

Quarterly revenue grew 14% year on year, but shares are down 11-12% following bad news
The company is anticipating spending $15 billion more, largely due to AI
Meta, Nvidia, and OpenAI are all major Oracle customers

Despite a clear drive for AI innovation, investors clearly weren't happy with Oracle's higher-than-anticipated AI spend, with shares dropping as much as 11-12% following the announcement.

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