By Kalyeena Makortoff
Publication Date: 2025-12-11 09:19:00
Oracle’s disappointing results have shaved more than $70 billion from the value of the software and data company co-founded by Trump ally Larry Ellison, adding to fears of a bubble in AI-related stocks.
The company’s shares fell 11.5% overnight after the company reported a 14% rise in revenue to $16 billion in its latest quarter.
The company posted weaker-than-expected quarterly sales in the three months ended November as sales in its cloud computing business grew slower than forecast at 34%.
Investors were also disappointed by slower-than-expected 68% revenue growth in its infrastructure business.
At the same time, investors became unsettled when Oracle raised its AI investment forecasts. Capital spending is expected to rise 40% to $50 billion, with most of the increase coming from data center construction.
The company is already managing a growing mountain of debt, with Oracle’s long-term…
