Oracle isn’t answering the hardest questions about its AI plans

I hype has been very lucrative for Oracle .AI fatigue could prove painful.

- Dan Gallagher

Oracle significantly raised itslong-term financial targets on Thursday during a meeting with analysts at its conference in Las Vegas. But unlike the first unveiling of those targets a year ago , and Oracle’s quarterly report last month that included even more blowout numbers, investors yawned. Oracle’s share price slipped over 2% in after-hours trading following Thursday’s meeting.

Granted, expectations are already high for a very large company that has doubled its market capitalization in alittle over a year. Oracle used the same conference last September to project a significant jump inrevenue over the next five years, due to booming demand for the types of artificial intelligence computing services the company is building into its extensive network of data centers.