Oracle stock plummets 14%, wiping off $105 billion in market value
Crypto Briefing
Oracle shares dropped 14% after the company significantly increased its 2026 capital expenditure forecast, alarming investors.Summary
Oracle's stock plummeted by 14% on Thursday, falling from $225 to $194 and erasing $105 billion from its market value. This sharp decline followed the company's announcement that it expects its fiscal 2026 capital expenditure (capex) to be $15 billion higher than previously projected in September. A significant portion of this increased spending is earmarked for infrastructure required to support OpenAI’s cloud-computing needs. The update immediately unsettled investors, prompting concerns regarding the immediate return on these substantial, large-scale artificial intelligence investments.
(Source：Crypto Briefing)