Oracle's stock took a brutal hit today—down 15% at one point—after the company dropped its latest earnings report. The culprit? AI spending that blew past what analysts were expecting, while revenue came in lighter than Wall Street wanted to see.

Investors clearly weren't thrilled with the mismatch between aggressive AI investments and actual top-line growth. The market's message seems pretty straightforward: show us the returns on all that AI infrastructure spending, or expect more pain.

It's a reminder that in today's market, pouring money into AI infrastructure doesn't automatically translate to investor confidence. Revenue growth still matters, maybe more than ever.