Oracle and Crypto Stocks Crash After Report on AI Profit Margins
Oracle’s stock price tanked after a new report on its profit margins, and there are serious possible implications for AI. Crypto’s market cap also declined afterward, but it’s hard to predict the full fallout.
LLM developers and various AI infrastructure interests are currently engaged in a huge wave of circular financing, but one collapse could cause more problems. The AI bubble may be in danger of popping soon.
Recently, Oracle Corp, an American database and AI cloud infrastructure firm, was enjoying a moment in the sun, with strong quarterly earnings and impressive stock performance. However, the company’s fortunes took a turn today, with its stock suddenly plummeting dramatically:
