Oracle shares have dropped about 65% from their peak as investors shift focus from AI-driven cloud growth to rising capital expenditure, debt and execution risks. Despite strong OCI revenue and a massive backlog, markets seek proof that AI investments can generate sustainable returns.

Oracle stock has plunged sharply this year despite Larry Ellison's company having one of the biggest backlogs in tech

Oracle shares have dropped about 65% from their peak as investors shift focus from AI-driven cloud growth to rising capital expenditure, debt and execution risks. Despite strong…