Oracle stock is tumbling on cloud miss and costly data center plans: What it means for the AI bubble debate

Oracle Corporation reported increased revenue of 21% year-over-year (YOY) for its fiscal fourth quarter, but it wasn’t enough to please stockholders.  The company’s shares (NYSE: ORCL) dropped over 10% during premarket, following Wednesday evening’s earnings report. At publication, shares were about 9% down.  With $19.18 billion in revenue, Oracle beat Wall Street’s $19.10 billion estimate, according to a consensus cited by CNBC. Similarly, the company reported $2.03 adjusted ear...