Oracle's fiscal second-quarter results will be a crucial test for the AI trade and whether demand justifies the company's buildout plans.

Oracle's fiscal second-quarter results will be a crucial test for the AI trade and whether demand justifies the company's buildout plans.

Shares of Oracle, which reports earnings after the close, have plunged 33% since Sept. 10, when they hit an all-time high.

The cloud computing giant's revenue miss renews questions about its financial health

Oracle reported lower-than-expected revenues in its quarterly earnings report released on Wednesday.

Nvidia was still the single heaviest weight for the S&P 500.

Investors want to see Oracle turn its higher spending on infrastructure into revenue as quickly as it has promised.