Oracle's AI Strategy Shake-Up Sparks Market Jitters As Shares Plunge 25%

Oracle Corporation (NYSE:ORCL) has seen a significant market reaction following its bold shift towards artificial intelligence (AI), resulting in a 25% drop in shares over the past month. What Happened: Oracle’s ambitious entry into the AI sector, fueled by substantial borrowing, has caused unease on Wall Street. The tech behemoth has pledged to invest hundreds of billions in the next few years on chips and data centers, primarily to bolster computing capacity for OpenAI, the creator of ChatGPT. As report ...