Shares in business computing giant Oracle fell more than 10 percent on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market.

The slide in after-market trades came despite Texas-based Oracle reporting that net income in the recently-ended quarter nearly doubled to $6.1 billion in revenue, up 14 percent from the same period a year earlier to $16.05 billion.

Oracle's cloud and business computing unit accounted for $8 billion of that revenue, an increase of 34 percent from the same quarter in 2024, according to the earnings report.

"AI training and selling AI models are very big businesses," Oracle chief executive Mike Sicilia said in the release.

"We think there is an even larger opportunity -- embedding AI in a variety of diffe

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