Oracle Slides on AI Spending, Erases More than $100B in Market Value

Oracle Corp. shares plunged after the company escalated its spending on AI data centers and other equipment, erasing more than $100 billion in market value. The latest earning report and share slide marks a reversal of fortunes for a company that just a few months ago was enjoying a blistering rally and clinching multibillion-dollar data center deals. Bloomberg’s Robert Schiffman joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Daily’ to break it down. (Source: Bloomberg)