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Oracle stock worst week since 2001 dot-com bust, AI financing concerns escalate

Jordan Novet· ·1 min read · 0 reactions · 0 comments · 6 views
Oracle stock worst week since 2001 dot-com bust, AI financing concerns escalate

Oracle's surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.

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CNBC · Jordan Novet
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Oracle just wrapped up its worst week on Wall Street in 25 years as concerns continue to mount about the software company's debt load and whether its bet-the-house investment on artificial intelligence will pay off. The stock plummeted 19% this week, dropping at least 2.6% each of the past five days. It's the steepest weekly drop since a 20% plunge in August 2001, during the depths of the dot-com bust. The past nine months have been brutal for Oracle investors. After the company reached a peak market cap of $900 billion in September, on budding enthusiasm about Oracle's AI customers, the stock has lost about 55% of its value.

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