Oracle shares fell almost 11% after the company missed quarterly revenue expectations and raised its full-year capital expenditure forecast from $35 billion to $50 billion, largely driven by AI infrastructure investments. The increased spending represents about 75% of Oracle’s expected annual revenue and comes as the company already carries more than $100 billion in debt. Investors have grown concerned about Oracle’s heavy reliance on AI demand, including large contracts tied to OpenAI, despite the stock still being up roughly 20% year to date.
