By Harsh Chauhan
Publication Date: 2026-03-20 14:15:00
Shares of oracle (ORCL 3.65%) are down 48% over the past six months, driven by concerns that the company is spending far too much on building artificial intelligence (AI) infrastructure.
Oracle’s decision to take on debt to finance infrastructure expansion and its reliance on AI start-ups OpenAI for a significant portion of its backlog weighed on its shares in recent months. However, on March 10, Oracle stock got a nice boost after the company reported solid results for the third quarter of fiscal 2026 (ending February 28).
Let’s see why that was and whether the stock could trend higher from here and make investors richer in the next few years.
Image source: Getty Images.
Oracle’s intelligent infrastructure strategy is bearing fruit
Oracle’s cloud infrastructure business is growing rapidly. The company has signed large contracts with customers looking to run AI workloads in the cloud, and its backlog currently stands at $553 billion.