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Oracle shares slipped nearly 4% in premarket trading amid broader tech weakness, despite bullish views on its long-term AI infrastructure opportunity.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Oracle shares fell nearly 4% in Monday pre-market trading as weakness across technology stocks weighed on sentiment, according
00:09to Benzinga.
00:11Nasdaq futures dropped 1.85% while S&P 500 futures fell 0.77%.
00:17KKM financial founder Jeff Kilburg remains bullish on Oracle's longer-term artificial intelligence opportunity, calling it an essential stock to
00:26own.
00:26Kilburg pointed to Oracle's latest quarterly results and said remaining performance obligations increased by about $26 billion.
00:35He also highlighted Oracle's presence across Fortune 500 companies and its opportunity to sell customers more AI computing capacity.
00:45Oracle shares were down 3.55% at $144.95 in pre-market trading Monday, according to Benzinga Prodata.
00:53For all things money, visit Benzinga.com.
00:56For all things money, visit Benzinga.com.
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