By Bruce Gil
Publication Date: 2025-12-26 20:20:00
After a year of making it clear that the company believes AI will drive its future growth, Oracle stock is now facing its worst quarter since the dot-com bubble burst in 2001.
Oracle shares are down about 30% so far this quarter, after peaking in September when the company announced new data center projects tied to OpenAI. The stock is now on track for its biggest quarterly decline in more than two decades. CNBC Notes.
Wall Street appears to be growing increasingly skeptical that the data software company’s expensive bet on AI will pay off soon, if at all. Delayed projects and weak profit results led to share price losses in recent months.
Oracle shares hit an all-time high in September after the company announced it was in development additional data centers as part of OpenAI’s massive Stargate project.
These new data centers, along with Stargate’s flagship site in Abilene, Texas, and other ongoing projects, would bring the…
