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Bloomberg.com
Oracle Slides on AI Spending, Erases More than $100B in Market Value
Oracle Corp. shares plunged after the company escalated its spending on AI data centers and other equipment, erasing more than $100 billion in market value. The latest earning report and share slide marks a reversal of fortunes for a company that just a few months ago was enjoying a blistering rally and clinching multibillion-dollar data center ...
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