It is a far cry from the company’s last quarterly results, released in September, when news of a series of AI deals boosted its bottom line and saw its share price soar 40 percent, briefly making founder and CTO Ellison the world’s richest man.

Oracle stock plunges over 7% as OpenAI data-center delay to 2028 sparks fresh worries. Oracles $300B AI build-out faces new pressure after Bloomberg reported construction setbacks and a $15B capex jump for FY26.

Oracle said that spending would rise by $15 billion compared with earlier estimates - a sign that big capital outlays to chase AI cloud-computing customers is not turning into profit as fast as Wall Street had expected.

Oracle Corporation is massively profitable, which limits risks for investors who are concerned about CapEx growth. Learn more about ORCL stock here.

U.S. tech stocks were lower again on Dec. 12 as investors continued to reassess the sector’s rapid run-up. Oracle (ORCL) shares sank 10.83% on Dec. 11 and slipped another 4.66% on Dec. 12, extending a sharp selloff that followed the company’s latest earnings report.

Shares in Oracle continued to slide in premarket US trading on Thursday, slipping almost 11% by 5:30am ET (9:30pm AEDT) after the firm missed Q2 earnings expectations. The cloud computing provider and database software maker reported softer than expected cloud sales on Wednesday,

Mixed options sentiment in Oracle (ORCL), with shares down $9.22 near $189.63. Options volume more than double the daily average with 837k