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Oracle's stock plummets on AI spending fears and slowing growth, nearing worst quarterly drop since 2001.
Oracle's stock is on track for its worst quarterly performance since 2001, weighed down by investor concerns over its aggressive artificial intelligence investments and slowing revenue growth.
Despite the company's efforts to expand in AI, market expectations for strong returns have not materialized, leading to a sharp decline in share value.
Analysts point to increased spending on AI infrastructure and uncertain demand as key factors behind the downturn.
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Las acciones de Oracle se desploman debido a los temores de gasto en IA y la desaceleración del crecimiento, acercándose a la peor caída trimestral desde 2001.