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Oracle Stock Falls As Amazon AI Threat Looms: Why BofA Sees Long-Term Upside
Benzinga· 2026-03-24 18:05
Oracle Corp (NYSE:ORCL) shares are trading lower on Tuesday following reports suggesting that Amazon is developing an AI agent tool to automate some sales, business development and other functions.Reports also suggest that concerns over AI disrupting SaaS business models is one of the drivers behind recent attempts to withdraw funds from private credit funds.Moreover, Oracle announced fresh product launches around its Fusion Applications AI tooling, even as the Technology sector stayed soft.BofA Securities ...