Why Oracle Stock Plunged More Than 12% This Week

Is Oracle's spending getting out of hand?Shares of Oracle (ORCL 4.42%) are falling this week, down 12.9% as of 2:41 p.m. ET. on Friday. The drop comes as the S&P 500 and Nasdaq-100 lost 0.6% and 1.8%, respectively. Oracle reported mixed earnings on Wednesday for its second quarter, revealing that the company's artificial intelligence (AI) spending spree is rapidly accelerating. The report, along with Broadcom's earnings release the following day, was enough to reignite fears of an AI bubble.NYSE : ORCLOracl ...