Oracle Stock Slumped 24.8% in First Half of 2026 Amid OpenAI Concerns

EarningsCorporate Action Impact 4
โดย The Motley Fool·Read original
Summary · why it matters

Oracle stock declined 24.8% in the first half of 2026, according to data from S&P Global Market Intelligence. The drop reflects increased capital spending requirements for AI infrastructure and significant exposure to OpenAI, which also pressured Microsoft shares. Oracle and OpenAI signed a landmark $300 billion five-year deal in September 2025, starting in 2027, for Oracle to build AI infrastructure and supply computing power. Bond markets reacted by pricing in higher default risk, with Oracle's five-year credit default swaps rising to 170 basis points, implying a cumulative default probability of 13.4%. Investors are questioning OpenAI's financial projections, as the company expects to burn through more than $650 billion in cash through 2030 while targeting $280 billion in revenue by 2030, up from an annualized run rate of just $20 billion at the end of 2025.

Impact on stocks 5

Artificial Intelligence▼ · 4 stocks
Microsoft Corporation
MSFT
▼ NegativeDemandrelevance

Microsoft shares pressured due to exposure to OpenAI, which faces financial viability concerns

Cloud & Digital Infrastructure▼ · 1 stocks
Oracle Corporation
ORCL
▼ NegativeCapitalDemandrelevance

Stock fell 24.8% due to increased AI capex and credit default swaps rising to 170 bps, implying 13.4% default probability.

Theme Impact 4

Off-coverage companies 1

OpenAIPrivate▼ Negative
Capitalrelevance

OpenAI's financial projections questioned; expects to burn $650B+ cash through 2030 while revenue target of $280B is far above current $20B run rate.

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