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Oracle shares tumble 11% on increased capital raise, cash concerns
Oracle shares tumbled 11% and headed for their worst day since January 2025, after the software maker told investors to expect an additional $20 billion capital raise while reporting negative free cash flow for the year. With Thursday's drop, the stock is now down for the year, falling about 8% and trailing the Nasdaq, which is up about 9%. For the fiscal fourth quarter, Oracle reported a beat on the top and bottom lines.
Here are the 6 big things we're watching in the stock market this week
Earnings season for Club names has come to an end, but that doesn't mean the excitement has. This coming week is packed with market-moving inflation data and two key corporate events. Apple's Worldwide Developers Conference starts its five-day run on Monday, and Apple is expected to raise the curtain on a new, conversational Siri assistant, powered by Google's powerful Gemini artificial intelligence model.
Oracle shares tumble on earnings. But there's a silver lining for our AI chip and power stocks
Oracle shareholders are taking it on the chin Thursday, as the company's plan to raise more money to fund the AI buildout is overshadowing better-than-expected quarterly results. But, from our vantage point as investors in chipmakers and other picks-and-shovels AI players, Oracle had plenty of good things to say about the demand for AI computing. Oracle beat expectations on the top and bottom line for the May quarter, while its remaining performance obligation — a measure of contracted...