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Oracle’s
extended rally, which has been driven by the company’s increasingly central position in the artificial intelligence boom, hit pause on Friday, with the stock tumbling 7%, its worst day since January.
The slide came a day after the software company revealed a long-term outlook, boosted by AI, at an analysts’ meeting that was part of the Oracle AI World conference in Las Vegas.
Oracle said on Thursday that it expects $166 billion in cloud infrastructure revenue in the 2030 fiscal year, up from $18 billion in fiscal 2026. The company now sees $21 in adjusted earnings per share on $225 billion in total revenue in fiscal 2030, which represents annualized sales growth of over 31%.
