Oracle (ORCL) shares fell more than 11% in after-hours trading, following the Q2 fiscal 2026 report, a sharp repricing that seemingly contradicts the main narrative of booming AI demand.

AI spending is front and center again for investors. Oracle plunged Thursday, with top hardware makers including Nvidia and Broadcom also dropping.

Three months after Larry Ellison briefly became the world’s richest person, a historic slide in Oracle Corp. shares sent his net worth plunging by $24.9 billion.

Shares in Larry Ellison’s database company fell as much as 16 per cent on Thursday, before trimming its losses to close down 10.8 per cent. The cost to protect against falls in its debt also jumped. The move came as Oracle reported revenues of $16.1bn in the last quarter, up 14 per cent from the previous year but below analysts’ estimates.

The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.

Oracle shares slid more than 6% on Wednesday in after-hours trading, after the software giant posted revenue results that missed expectations.

There are two comforts for Oracle investors. First, the delay between money out and money in is small. Oracle’s share of data centre construction — servers and the like — tends to go in just a couple of months before the customer starts using it, unlike the bricks and mortar around them.

Oracle Corp. shares fell the most in more than 24 years after the company reported a jump in spending on AI data centers and other equipment, rising outlays that are taking longer to translate

A measure of Oracle Corp.’s credit risk climbed on Wednesday after the database company posted a jump in spending on data centers and other equipment, raising fresh doubts about how quickly it can generate profit from its huge investments in artificial intelligence.

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

Most U.S. stocks are rising, but a drop for Oracle is holding Wall Street back as investors question whether its big spending on artificial-intelligence technology will pay off