Shares in AI giant Oracle fall after revenue results ramp up bubble fears

Oracle's shares slide as quarterly earnings raise concerns about the AI bubble, despite a 14% revenue growth driven by a 68% increase in sales at their AI division, Oracle Cloud Infrastructure. The company's revenue fell short of analysts' expectations at $16.06bn for the quarter ending in November, causing a more than 10% drop in share value in after-hours trading. Oracle's recent AI partnerships and heavy spending on AI infrastructure have raised worries among investors, along with concerns about debt from financing deals and their OpenAI contract.