By TradingView
Publication Date: 2026-01-23 11:30:00
Last week, Michael Burry (Trades, Portfolio) caused turmoil in the markets by taking a bearish stance on Oracle ORCL. The investor, known for his pre-2008 real estate bet, disclosed put options in his paid newsletter and said he had shorted the stock.
He previously took a stand against Nvidia 
Oracle rode the AI wave with aggressive data center expansion and an order backlog that reached $523 billion in the second quarter. That shortfall is slowly turning into short-term revenue: Oracle told investors that only about 10% is expected to turn into revenue over the next 12 months. Capital expenditures reached about $12 billion from $8.5 billion, and the company expects about $50 billion for FY26.
Burry’s concern focuses on leverage and execution. Oracle has significant debt and reported about $124 billion including leases in the second quarter. Free cash flow turned negative $10 billion during that period, raising questions about how the company will finance its push if growth slows.
It turns out that corresponding customer demand and…