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Oracle
shares plummeted 11% in premarket trading on Thursday, extending yesterday’s losses after the firm reported disappointing results.
The database software maker reported lower-than-expected quarterly revenue on Wednesday, despite booming demand for its artificial intelligence infrastructure. Its revenue came in at $16.06 billion, compared with $16.21 billion expected by analysts, according to data compiled by LSEG.
It dragged other AI-related names down with it. Chip darling Nvidia
