By Moz Farooque
Publication Date: 2026-06-12 19:18:00
On June 12, Oracles (ORCL) The earnings decline ran directly into what appeared to be a major concern for investors.
Wall Street had been looking for evidence that Oracle’s cloud infrastructure business is still going strong AI Boom, and the company delivered plenty of it.
Revenue skyrocketed, Oracle Cloud infrastructure skyrocketed, and backlog climbed to a staggering $638 billion.
However, investors looked elsewhere.
Actually, loudly The timesOracle stock fell by that much 12% on Thursday after earnings, wiping out more than $70 billion in market value.
Investors wanted AI boom, but Oracle gave them a huge funding question.
Bernstein analyst Mark Moerdler remained optimistic and increased his Oracle price target $325 out of $319 and a hold Exceed rating.
He believes the long-term plan remains intact even after the stock sells off due to investment and financing issues.
Although Oracle has AI demand, investors now want evidence that the company can deliver on that demand…
