New York, Feb 24, 2026, 10:41 (ET) — Regular session
- Oracle clawed back roughly 3% in late morning, following a steep slide the previous day.
- Investors are digesting a report that casts doubt on the Stargate AI data-center initiative involving OpenAI and SoftBank.
- Now, traders are eyeing Oracle’s upcoming results for any fresh read on cloud demand and spending.
Oracle shares bounced roughly 3% to $145.51 Tuesday, clawing back some of Monday’s losses while traders weighed new scrutiny over the Stargate AI data-center initiative. The stock has seen a range from $138.73 up to $146.20 in today’s session. (Investing.com)
This is significant: Oracle’s turned into a stand-in for the AI infrastructure play—big-ticket deals, major money. When execution comes into question, the shares tend to swing fast.
Oracle spelled out the scale earlier this month: The company is looking to pull in $45 billion to $50 billion in 2026 by selling stock and taking on debt, all in an effort to boost its cloud infrastructure. Management wants to do it without losing the firm’s investment-grade credit rating. (Reuters)
Shares slid Monday, after The Information published a report casting doubt on Stargate’s operations—pointing out that the venture is thinly staffed and lacks direct oversight of any data centers. OpenAI, Oracle, and SoftBank, the three stakeholders, have clashed over who does what, according to Investing.com. (Investing.com)
The Stargate news landed as software stocks were already getting battered. “You really have to question if enterprise software companies can thrive,” Franklin Templeton CEO Jenny Johnson told the Financial Times. Oracle shares dropped, dragging down other enterprise software names too. (Financial Times)
Wall Street dropped over 1% Monday, with renewed tariff worries rattling investors and questions swirling about the winners and losers as AI rolls further into the economy. “The question about AI is twofold: How much is it going to cost, and who all is going to be disrupted?” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management, speaking to Reuters. (Reuters)
Oracle is squaring off with much bigger names like Amazon and Microsoft as it chases a slice of the cloud market, aiming to become a main provider of computing muscle for AI projects. The strategy also makes Oracle sensitive to any changes in capital spending plans or a slowdown in fresh AI contracts.
The rebound on Tuesday hasn’t settled the debate. While a group of investors considers Monday’s decline an overreaction, others take it as evidence that the largest AI ventures face hurdles beyond just chips and real estate—issues like governance, ownership, and funding can also bring progress to a halt.
One risk stands out: Stargate could see more delays, or customers might pull back on commitments—either would leave Oracle stuck with higher costs just as demand gets shakier. Plus, the funding plan still leaves dilution in play if the company decides to issue more stock.
Earnings are up next. Oracle’s set to deliver its quarterly numbers March 9, per Investing.com. Investors are zeroed in on any commentary around AI-driven cloud demand—and just how much Oracle expects to shell out to keep pace. (Investing.com)
