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Stock impact report

Oracle Under Pressure as AI Commitments Stretch the Balance Sheet [Yahoo! Finance]

Oracle Corporation (ORCL) 
Last oracle corporation earnings: 3/12 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The stock has failed to meet expectations. Shares are down 32% this quarter alone. According to a report by CNBC, Oracle Corporation (NYSE:ORCL) is on pace for its steepest decline since 2001 and the dot-com bust. Investor confidence has weakened. Many now question whether the database software vendor can scale up enough server farms to support ChatGPT operator OpenAI, which agreed in September to spend more than $300 billion with Oracle. Earlier this month, Oracle Corporation (NYSE:ORCL) posted quarterly revenue and free cash flow that came in below expectations. During the earnings call, newly appointed finance chief Doug Kehring laid out plans for $50 billion in fiscal 2026 capital expenditures. That figure is 43% higher than the September plan and roughly double what the company spent a year ago. The company is also lining up $248 billion in leases to expand cloud capacity, on top of new data center construction. That level of expansion will require heavy borrowing. In Sept Show less Read more
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