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Oracle's stock fell over 7% as Q2 revenue missed expectations, despite AI and cloud investments.
Oracle's stock dropped over 7% in trading after the company reported second-quarter revenue of $14.06 billion, falling short of analysts' expectations of $14.11 billion.
Despite a 9% year-over-year revenue increase and a 26% rise in net income, the shortfall and weaker future forecasts, amid intense competition in cloud and database services, led to the stock decline.
Oracle is investing in AI and cloud infrastructure to boost growth.
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Las acciones de Oracle cayeron más del 7%, ya que los ingresos de Q2 fallaron las expectativas, a pesar de las inversiones en IA y en la nube.