Oracle Shares Drop 11%, Pulling Down AI Stocks

Oracle’s stock fell 11% in premarket trading on Thursday, adding to its losses from the previous day. The drop happened after the company reported lower-than-expected quarterly revenue. Oracle earned $16.06 billion, slightly less than the $16.21 billion analysts expected.

Because Oracle is a major player in the tech and AI world, its fall also affected other big AI-related companies. Nvidia fell 1.5%, Micron dropped 1.4%, Microsoft dipped 0.9%, CoreWeave slid 3%, and AMD was down 1.3%.

Oracle has been in the spotlight recently. In September, it raised $18 billion in one of the largest tech bond sales ever. It also signed a massive $300 billion deal with OpenAI and has been investing heavily in cloud infrastructure to compete with Amazon, Microsoft, and Google.

Some investors are worried about Oracle taking on too much debt to build AI data centers. The company plans to raise $20–30 billion in debt every year for the next three years.

Despite the recent drop, Oracle’s stock is still up 34% this year.

#Oracle #TechNews #AIStocks #StockMarket #Nvidia #Microsoft #CloudComputing #FinanceNews #AIIndustry #BusinessUpdates