Tag: NASDAQ:CERN
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Oracle’s Stock Takes a 9% Dive as Cloud Forecast Disappoints; Goldman Sachs Cautions on High Expectations
Oracle’s fiscal first-quarter results, which exceeded analysts’ expectations, were driven by businesses’ growing interest in developing generative artificial intelligence applications, leading to increased demand for cloud services. Although Oracle Corporation’s (NYSE:ORCL) shares initially dipped more than 3% in after-hours trading after the report, they fell as much as 9% following a cautious outlook provided by…