Oracle Corporation’s shares tumbled more than 6% in after-hours trading on Wednesday after fiscal second quarter revenue came in at $16.1 billion. The figure marked a 14% rise from the prior year but fell short of Wall Street’s consensus of $16.2 billion. The miss underscores investor scrutiny on the database giant’s aggressive expansion into AI-driven cloud infrastructure amid broader market jitters over earnings.​Capex balloons on data centre buildoutCapital expenditures soared to $12 billion, well above the $8.4 billion anticipated by analysts. This spike reflects Oracle’s massive investments in data centres to support surging demand for AI computing power. CEO Larry Ellison’s firm highlighted commitments from major clients like OpenAI, fueling the infrastructure spend but raising debt concerns. Shares, which had rallied post-September earnings on a $300 billion OpenAI deal, have since erased those gains.​RPO climbs, but AI worries persistRemaining performance obligations, a key backlog metric, grew 15% to $523 billion in the three months ended November. This signals robust future revenue potential from AI contracts with partners, including Meta and Nvidia. However, mounting borrowing needs and OpenAI’s long-term payment capacity have spooked investors, with credit default swaps at 2009 highs.​The post Oracle stock sinks on revenue miss amid broader earnings slide appeared first on InvezzOracle Corporation’s shares tumbled more than 6% in after-hours trading on Wednesday after fiscal second quarter revenue came in at $16.1 billion. The figure marked a 14% rise from the prior year but fell short of Wall Street’s consensus of $16.2 billion. The miss underscores investor scrutiny on the database giant’s aggressive expansion into AI-driven cloud infrastructure amid broader market jitters over earnings.​Capex balloons on data centre buildoutCapital expenditures soared to $12 billion, well above the $8.4 billion anticipated by analysts. This spike reflects Oracle’s massive investments in data centres to support surging demand for AI computing power. CEO Larry Ellison’s firm highlighted commitments from major clients like OpenAI, fueling the infrastructure spend but raising debt concerns. Shares, which had rallied post-September earnings on a $300 billion OpenAI deal, have since erased those gains.​RPO climbs, but AI worries persistRemaining performance obligations, a key backlog metric, grew 15% to $523 billion in the three months ended November. This signals robust future revenue potential from AI contracts with partners, including Meta and Nvidia. However, mounting borrowing needs and OpenAI’s long-term payment capacity have spooked investors, with credit default swaps at 2009 highs.​The post Oracle stock sinks on revenue miss amid broader earnings slide appeared first on Invezz

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more