en
Back to the list

Oracle stock plummets 14%, wiping off $105 billion in market value

source-logo  cryptobriefing.com 1 h
image

Key Takeaways

  • Oracle lost $105B in market value after forecasting a $15B increase in 2026 capex.
  • Much of the spending is tied to supporting OpenAI’s cloud computing needs.

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.

cryptobriefing.com