By Carmen Reinicke
Publication Date: 2026-01-29 15:11:00
(Bloomberg) – Oracle Corp. shares are down more than 50% from last year’s all-time high as investors concerned about artificial intelligence trading and the company’s ties to OpenAI flee the stock.
The stock’s decline wiped out a market value of about $463 billion from its record high set on September 10, after the company reported an impressive outlook for its cloud business that suggested increasing demand for AI. The rally pushed Oracle’s value to over $933 billion, making it the 10th most valuable publicly traded U.S. company at the time.
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The rapid decline in Oracle shares has been compounded by investors’ growing concerns about AI as the biggest tech companies continue to commit billions of dollars in capital spending to build data centers, in some cases without a clear return on investment. In addition, there are circular transactions between OpenAI, a private company that is not profitable, and companies like Oracle…
