Oracle shares drop most since 2001 on mounting AI spending
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Management’s financial guidance that came in short of estimates.
Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than $30 billion off co-founder Larry Ellison’s fortune. The Texas-based tech company’s stock tumbled to $194 a share from around $223 a share at the start of trading — wiping out $90 billion in market capitalization.
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Oracle’s earnings call highlights cloud and AI growth
Oracle Corporation (($ORCL)) has held its Q2 earnings call. Read on for the main highlights of the call. Oracle’s recent earnings call painted a
Oracle just reported its Q2 2026 results, and the market is up in arms about something that was relatively easy to foresee. Learn more about ORCL stock here.
Oracle Chairman Larry Ellison said Wednesday that the company sold its stake in chip designer Ampere Computing “because we no longer think it is strategic for us to continue design, manufacturing and using our own chips in our cloud data centers.
Oracle targets a $15B CapEx jump to meet a record $523B AI backlog. Analysts call the stock "tricky short term" despite future growth.
Oracle stock fell 11% today, as investors fret over how much the company is spending to build out AI data centers for OpenAI and others. Oracle Chairman Larry Ellison, whose roughly 40% stake has made
Oracle assures investors it's willing to look beyond Nvidia for AI chips.
Oracle has spent years piling up debt to fund share buybacks, which raises the risk level of adding even more debt to the balance sheet. Thanks to heavy spending on AI infrastructure, Oracle ended the second quarter with about $108 billion in debt. That's up from $92.6 billion in May. The company completed an $18 billion bond sale in September.