Oracle Backlog Support Market Rebound
AI Buildout Drove Historic Pullback
The recovery comes after one of the sharpest declines in Oracle’s history. The stock fell about 35% in June, its worst monthly performance since September 1990, after rallying nearly 40% in May.
The sell-off followed reports that Oracle spent $16.49 billion on capital expenditures during its latest quarter to expand AI infrastructure, pushing full-year free cash flow to negative $23.7 billion. Wall Street expects capital spending to climb to roughly $92 billion next fiscal year, while Oracle’s debt stood at about $130 billion at the end of May.
Oracle Price Action
