Dec 10 : Oracle forecast sales and profit that missed analyst estimates on Wednesday, while saying that spending would rise by $15 billion compared with earlier estimates - a sign that big capital outlays to chase AI cloud-computing customers is not turning into profit as fast as Wall Street had expected.

Shares of the Austin, Texas-based company slumped 10 per cent in extended trading.

Oracle has leapt to renewed prominence with grand plans to build AI cloud data centers, and its results are viewed as a sign of whether there is an AI bubble and how it will raise money to build that infrastructure.

Oracle said that adjusted profit for the current fiscal third quarter would be $1.64 to $1.68 per share, below analyst estimates of $1.72 per share, according to LSEG data. Oracle's third-qua

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