Oracle stock plunges 19% in worst week since 2001 dot-com bust amid AI spending and debt concerns
By
Jordan Novet
Summary
Oracle stock suffered its worst weekly decline since 2001, dropping 19% as investor concerns grow over the company's massive $130 billion debt load, negative free cash flow, and heavy spending on AI infrastructure. The stock fell at least 2.6% each day for five consecutive days, marking the steepest weekly drop since a 20% plunge in August 2001 during the dot-com bust. This comes after Oracle reached a peak market cap of $900 billion in September 2024 on AI enthusiasm, but surging spending and debt concerns have since weighed heavily on the stock.
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bskyOracle stock plunges 19% in worst week since 2001 dot-com bust amid AI spending and debt concernscnbc.comKey quotes
· 5 pulledOracle just wrapped up its worst week on Wall Street in 25 years as concerns continue to mount about the software company's debt load and whether its bet-the-house investment on artificial intelligence will pay off.
The stock plummeted 19% this week, dropping at least 2.6% each of the past five days.
It's the steepest weekly drop since a 20% plunge in August 2001, during the depths of the dot-com bust.
After the company reached a peak market cap of $900 billion in September, on budding enthusiasm about Oracle's AI customers, the stock...
Oracle's surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.
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