Oracle stock slips despite Google Cloud AI push as Wall Street refocuses on spending risks
Oracle shares fell as much as 3.8% in premarket trading Thursday, touching $180.40 after closing at $187.50 Wednesday. The drop followed Oracle’s expanded Google Cloud AI database rollout and came amid a broader software stock selloff. Morgan Stanley cut its price target to $207, citing uncertainty over GPU-as-a-service, financing, and margins.