Oracle has spent years piling up debt to fund share buybacks, which raises the risk level of adding even more debt to the balance sheet. Thanks to heavy spending on AI infrastructure, Oracle ended the second quarter with about $108 billion in debt. That's up from $92.6 billion in May. The company completed an $18 billion bond sale in September.

AI spending is front and center again for investors. Oracle plunged Thursday, with top hardware makers including Nvidia and Broadcom also dropping.

Explore how the Nasdaq reacted to Oracle's financial update and its impact on artificial intelligence-related stocks.

Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than $30 billion off co-founder Larry Ellison’s fortune. The Texas-based tech company’s stock tumbled to $194 a share from around $223 a share at the start of trading — wiping out $90 billion in market capitalization.

Did people complain – and by people, we mean Wall Street – as the world’s largest bookseller invested huge amounts of money to transform itself into an

While the company beat on EPS and increased its AI deal pipeline, concerns over Oracle’s financing strategy remain

Oracle co-CEOs Clay Magouyrk and Mike Sicilia weighed in on the cloud applications, infrastructure and multicloud businesses during the database vendor’s Q2 earnings call.

Three months ago, Oracle Corp.’s scorching earnings outlook sent the shares soaring to their best day in three decades. But a quarter later, things look very different for the database

"Last night Oracle Corp.'s weaker than expected results and higher AI spending epitomises the largest curveball risk in 2026," Jim Reid of Deutsche Bank Research wrote. "Namely that AI is in a bubble.

Oracle and other AI stocks tumbled on Thursday after the company reported surging expenditures related to its AI data center buildout, reinforcing concerns on Wall Street about debt-fueled spending on the fledgling technology.