Oracle Corp. regaled Wall Street on Monday with talk about the future, enormous demand and some very large cloud-services contracts, but its stock continued a downward trend over concerns about growing costs associated with building out more data centers.

Oracle (NYSE: ORCL) is often considered a slow-growth tech giant, but its stock has still rallied more than 260% over the past 10 years. The database software leader impressed investors by expanding its cloud-based services,

The drop comes as the S&P 500 declined 0.5% and the Nasdaq Composite gained 0.2%. The company's guidance for its fourth quarter of 9% revenue growth also missed previous forecasts of 9.5% growth. Despite the earnings miss,

Oracle stock took a dive as investors focused on disappointing financial forecasts from management, rather than data showing a healthy backlog of unbooked revenue. Late Tuesday morning, Oracle stock was down 4.

Explore Oracle Corporation's $130B RPO growth, cloud database migration potential, and AI partnerships. Click for my updated look at ORCL and its Q3 earnings.