Oracle stock gives investors whiplash as Larry Ellison touts AI ‘hypergrowth’ but earnings fall short

Investors weren’t sure what to make of Oracle’s (ORCL-3.75%) fiscal third-quarter earnings expectations late Monday, which fell short of analysts’ expectations. Shares of Oracle climbed 5% in after-hours trading before sinking 3% as investors digested the missed targets. The stock was still off slightly in pre-market trading Tuesday.

While investors focused on the earnings whiff, company leaders focused on…