By Joe Ciolli
Publication Date: 2025-12-18 11:01:00
September 10, 2025 was one of the feel-good days of the year on the markets.
The focus of the party was oraclethe legacy tech company that stormed the gates of the AI industry with a blockbuster forecast for its cloud infrastructure business.
Investors were so excited about Oracle’s AI guidance that they sent shares Increase of up to 43% on this day. The company was briefly more valuable than JPMorgan. Larry Ellison overtook Elon Musk as the richest person in the world – at least for a few hours. The S&P 500 ended the day at a record high. The atmosphere was impeccable.
Looking back, the whole ordeal seems like the overreaction of the year.
Oracle stock has fallen 46% since that encouraging high and now has a positive annual return of just 7%, about half that of the S&P 500.
The share has become the flagship of a new market trend that has been dominant for weeks: companies…
