What’s Going on With Oracle? Its Stock Price Has Dropped More Than 40% in Two Months.
Key Takeaways
- Oracle’s stock has plunged since hitting an all-time high in September as the company has become a poster child for growing investor concerns that an AI bubble has formed.
- The company is enmeshed in the web of deals linking different parts of the AI complex together, which means that its pain could be felt by others.
Betting big on artificial intelligence is proving to be a double-edged sword.
Shares of Oracle (ORCL), the almost-50 year-old software company turned AI play, rallied furiously during the summer as investor enthusiasm for what could be the next transformative technology surged. Lately the company’s stock has given up much of those gains, down more than 40% from its all-time high in September, more than…
