Cloud services company Oracle both beat and missed expectations in its quarterly report on Wednesday.
Earnings per share came in at $2.26, compared with the $1.64 that analysts had expected on average, according to research firm LSEG.
On the other hand, sales were disappointing. They came in at $16.06 billion, compared to the expected $16.21 billion. However, compared to the same period last year, sales rose by 14 percent.
Oracle has tried to put itself at the center of the massive expansion of the AI hype, but the company's debt is raising concerns about the possibility of a bubble bursting.
The stock fell about 5 percent in after-hours trading on the New York Stock Exchange after the report.
During November, it fell 23 percent, the worst monthly figure since 2001. Yet the stock is still up about 30 percent since the turn of the year.
