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Wall Street counts down to SpaceX IPO

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Oracle’s stock slides after earnings, as the steep price of AI spooks investors

Oracle blew past earnings expectations and grew its contract pipeline to $638 billion, but Wall Street is concerned about its rising AI costs.

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Oracle beats on earnings, but stock drops on plans to raise another $20 billion

Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year. The stock dropped 5% in extended trading as the company plans to raise more money to finance its AI buildout. Here's how the company did in comparison with LSEG consensus: - Earnings per share: $2.11 adjusted vs. $1.96 expected - Revenue: $19.18 billion vs. $19.10 billion expected Revenue increased 21% year over year in the quarter, which...