Oracle shares have nosedived following the company’s disappointing cloud computing sales that missed Wall Street projections.

Oracle Shares Tumble Following Weak Cloud Forecast

Oracle’s stock has taken its biggest nosedive in three months following the company’s disappointing cloud computing sales that missed Wall Street projections. The tech giant’s second-quarter cloud revenues fell short of analysts’ estimates, and it also gave a disappointing cloud growth forecast for the current quarter. The miss for last quarter and the lower-than-expected forecast…