Oracle shares have fallen about 30% this quarter, putting the stock on track for its steepest decline since 2001.

The drop follows a recent leadership change, with Clay Magouyrk and Mike Sicilia taking over as co-CEOs three months ago.

Investor concerns have grown over Oracle’s ability to expand its server infrastructure for OpenAI, which agreed to spend over US$300 billion with the company.

Earlier in December, Oracle reported lower-than-expected revenue and free cash flow.

It also announced plans to raise capital expenditures to US$50 billion in fiscal 2026 and commit US$248 billion in leases to boost cloud capacity.

Skepticism over Oracle’s rising debt, heavy reliance on OpenAI, and tough competition from Amazon, Microsoft, and Google has pushed credit default swap prices higher.

🔗 Source: CNBC

Recent Oracle developments