Why Oracle Stock Slumped on Thursday

The cloud and database specialist got caught up in a broad AI sell-off.Shares of Oracle (ORCL 4.16%) dropped Thursday morning, falling as much as 6.5%. As of 1:48 a.m. ET, the stock was still down 4.4%.There was no company-specific news to explain the enterprise database and artificial intelligence (AI) specialist's decline. However, a cloud competitor posted results that investors found wanting. Microsoft (MSFT 12.03%) reported its quarterly results after the market close on Wednesday, and the results cast ...