Oracle Stock Plunges After AI Spending Shock on December 11, 2025 — What to Know Before the December 12 Market Open
Oracle shares fell 10.8% to close at $198.90 on December 11, 2025, erasing over $90 billion in market value after earnings missed revenue estimates. Trading volume hit 96 million shares, four times average. The Nasdaq dropped, with Oracle among the largest drags, while the Dow and S&P 500 closed at record highs. Oracle reported $16.06 billion in revenue and $2.26 non-GAAP EPS, but heavy AI-related capex drove free cash flow negative.