Oracle's AI spending surge sparks bubble concerns

Oracle shares sank only two there or almost 12% in extended trade after the database software maker posted weaker than expected revenue for the second quarter as it continues to ramp up its spending on AI infrastructure. Investors were also uh unimpressed amid a lack of clarity on the earnings call over how exactly the company plans to finance its capital expenditure plans. Its order backlog soared though and that's interesting, isn't it.The order backlog soared 438% to $523 billion driven by fresh commitme ...