Why Oracle Stock Slumped on Thursday

Shares of (NYSE: ORCL) dropped Thursday morning, falling as much as 6.5%. As of 1:48 a.m. ET, the stock was still down 4.4%.

There was no company-specific news to explain the enterprise database and artificial intelligence (AI) specialist's decline. However, a cloud competitor posted results that investors found wanting.

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Source Fool.com