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Oracle shares sank 11% in extended trading on Wednesday after the database software maker reported lower quarterly revenue than expected despite booming demand for its artificial intelligence infrastructure.

AI-related stocks were hit following the report with, chipmakers Nvidia and Advanced Micro Devices each dropping about 1% and cloud provider CoreWeave sliding more than 3%.

Here's how Oracle did in comparison with LSEG consensus:

Earnings per share: $2.26 adjusted vs. $1.64 expected

Revenue: $16.06 billion vs. $16.21 billion expected

With respect to guidance, Oracle called for $1.70 to $1.74 in adjusted earnings per share and 19% to 21% revenue growth for the fiscal th

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