Oracle Falls, American Express Surges, Eli Lilly Falls on 'Cheap Weight Loss Dugs'
On this episode of Stock Movers:- Oracle (ORCL) fell after giving its long-range financial outlook, suggesting investors anticipated a bigger boost from its investment in AI infrastructure. The company said overall annual revenue would total $225 billion by fiscal 2030, and the cloud infrastructure business would produce $144 billion in sales by then. Investors have expressed concern about the profitability of Oracle's AI effort, but the company said an infrastructure project for AI would have a gross margin of 35%.- American Express (AXP) reported earnings that beat expectations after…
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