Oracle falls after second-quarter revenue misses estimates

AI cloud firm Oracle's ORCL.N shares fall 6.5% to $208.49 after bell

Co misses quarterly revenue estimates, a sign that corporate spending on its cloud services may be cooling amid broader concerns of a bubble in the artificial intelligence market

Reports Q2 total revenue of $16.06 billion compared with analysts' estimate of $16.21 billion- as per data compiled by LSEG

Co incurs a one-time $2.7 billion pre-tax gain on selling its stake in chip designer Ampere Computing

"Oracle sold Ampere because we no longer think it is strategic for us to continue designing, manufacturing and using our own chips in our cloud datacenters," Chairman Larry Ellison says

Up to last close, ORCL had risen ~33% this year