Oracle Stock (ORCL) Volatility Spikes After Earnings: AI Capex Surge, Debt Questions, and Updated Analyst Forecasts on Dec. 12, 2025
December 12, 2025 — Oracle Corporation (NYSE: ORCL) is at the center of today’s market conversation after a sharp post-earnings selloff reignited a bigger debate: how much AI infrastructure spending is “strategic investment,” and how much is starting to look like a balance-sheet stress test. The headlines are dramatic—Oracle’s shares fell hard after the company’s latest outlook and spending plans surprised investors, and credit markets reacted quickly. But under the surface, the story is more nuanced: Oracle is posting rapid cloud growth and an eye-popping backlog, while simultaneously asking shareholders to tolerate a massive acceleration in capital expenditure that could