Photo: Dado Ruvic
Oracle stock plummets 14%, wiping off $105 billion in market value
Stock tumbles from $225 to $194 as investors react to surging 2026 spending and uncertain AI cloud returns.
Oracle shares fell 14% on Thursday, dropping from $225 to $194 and wiping out $105 billion in market value after the company sharply raised its capital expenditure outlook.
The company now expects fiscal 2026 capex to be $15 billion higher than it projected in September, with much of the increase tied to infrastructure spending supporting OpenAI’s cloud-computing demands.
The update spooked investors, raising questions about the near-term payoff of large-scale AI investments.