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Oracle slides as hefty AI spending, debt plans spook investors

Shares of Oracle slid on Thursday after the cloud giant’s higher-than-expected capital spending plans fuelled concerns over soaring AI data centre costs, overshadowing strong quarterly results.Shares of the Austin, Texas-based company fell 7.2 per cent to US$186.70 in premarket trading and were on...

Ming Pao Daily News
Ming Pao Daily News

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