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BTCC / BTCC Square / Global Cryptocurrency /
Oracle Shares Plunge 19% as AI Spending Spree Sparks Debt Concerns

Oracle Shares Plunge 19% as AI Spending Spree Sparks Debt Concerns

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-06-27 12:07:02
0
BTCCSquare news:

Oracle Corporation (ORCL) suffered its worst weekly decline since 2001, with shares tumbling 19% as investors balked at the company's aggressive AI infrastructure expansion. Capital expenditures more than doubled to $56 billion in fiscal 2026, while debt ballooned to $130 billion—financing data center builds for OpenAI and SoftBank partnerships.

Despite record $638 billion in performance obligations from cloud/AI demand, negative free cash flow and leveraged balance sheets dominated market sentiment. The selloff reflects growing Wall Street skepticism about tech firms mortgaging futures for AI dominance.

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