By Laura Bratton
Publication Date: 2025-12-11 15:00:00
oracle (ORCL) The stock fell nearly 11% on Thursday after the tech company’s quarterly AI costs rose above Wall Street’s expectations and revenue fell short of expectations.
Oracle reported $12 billion in capital spending for the fiscal second quarter after trading closed Wednesday, up from about $4 billion a year ago and the about $8 billion forecast by analysts tracked by Bloomberg. The AI cloud provider also raised its full-year capital expenditure forecast to $50 billion from the previous estimate of $35 billion.
At the same time, Oracle reported fiscal second-quarter revenue of $16.06 billion, up 14% from a year earlier but less than the $16.21 billion forecast by analysts tracked by Bloomberg.
Oracle’s decline on Thursday marked its biggest one-day loss since January.
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Growth in the company’s closely watched AI segment and its backlog did little to assuage investor skepticism about rising costs.
Oracle Cloud Infrastructure…