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Oracle (NYSE:ORCL) stock slips as AI spending outpaces cloud infra sales
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Oracle (NYSE:ORCL) stock slips as AI spending outpaces cloud infra sales
Oracle plunged 4.62% to $157.53 after its annual report revealed fiscal 2026 capital expenditures soared to $55.7 billion—over three times cloud-infrastructure revenue—while free cash flow was negative $23.7 billion and restructuring costs surged, highlighting intensifying funding pressures despite a massive $638 billion backlog.
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