Oracle’s AI Bet: Beat Earnings, Cut 30,000 Jobs, and Stock Still Fell 8%

Oracle reported better-than-expected fourth-quarter revenues, locked in a $300 billion contract with OpenAI, and its stock still dropped 8% after hours. Flat guidance for the coming quarter told investors that the company’s $70 billion AI infrastructure buildout has not yet started paying off. The company delivered $19.2 billion in Q4 revenue, slightly ahead of the