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.

Trading in Oracle credit default swaps (CDS), which has exploded in the last year and are near their most expensive on record, tell a less upbeat story than its shares. Essentially derivatives that offer insurance against the risk of a bond issuer - such as a company or a government - not paying creditors.

Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered the worst stock decline in more than 10 months after its sales outlook for the market failed to meet investors’ lofty expectations.

Compare Intuit vs Oracle: steady subscription growth or bold cloud gamble—see which stock offers stronger upside in 2026.

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

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

The shares of companies exposed to artificial intelligence infrastructure came in for a beating after a report about Oracle Corp. data center delays added fuel to a selloff already underway following disappointing earnings results from chipmaker Broadcom Inc.

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

Shares in tech companies ranging from Nvidia to Meta Platforms are down on Thursday amid growing concerns around AI-fueled circular spending.

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.