By Fortune
Publication Date: 2025-12-11 16:50:00
oracle The shares of Corp. fell the most in nearly 11 months after the company ramped up spending on AI data centers and other equipment. The rising spending took longer to translate into cloud revenue than investors wanted.
Capital expenditures, a measure of data center spending, were about $12 billion in the quarter, up from $8.5 billion in the same period last year, the company said in a statement on Wednesday. Analysts expected capital spending of $8.25 billion for the quarter, according to data compiled by Bloomberg.
Oracle now expects capital spending to reach about $50 billion in the fiscal year ending May 2026 – a $15 billion increase from its September forecast, executives said in a conference call after the results were released.
Shares fell 11% to $198.85 at the close of trading in New York on Thursday, their biggest daily decline since Jan. 27. By Wednesday’s close, Oracle shares had already lost about a third of their value since hitting a record high on…
