Oracle stock (ORCL) slides after bondholders sue over AI debt disclosures
Oracle shares fell 4.3% to $193.61 in after-hours trading Wednesday after bondholders sued the company, alleging it concealed plans for major new debt tied to an AI expansion. The lawsuit, filed in Manhattan, claims Oracle failed to disclose moves to raise $38 billion in loans for data centers linked to its OpenAI deal. Oracle declined to comment. Tech stocks broadly slipped, with the Nasdaq 100 down about 1%.