Oracle Falls on AI Capex, Adobe Gives Upbeat Outlook

Oracle fell more than 10% in extended trading after reporting a jump in spending on AI data centers and other equipment, rising outlays that are taking longer to translate into cloud revenue than investors want. Elsewhere, Adobe delivered an upbeat annual forecast but still drew a lukewarm reaction from investors, who have been seeking clearer signs that the software maker can thrive in an era of artificial intelligence. Bloomberg Intelligence Senior Technology Analyst Anurag Rana joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)