Oracle Stock Set for Biggest Drop Since DeepSeek Rout

Shares stood 13.7% lower in recent trading, at $192.50.

That was broadly in line with a 13.8% tumble in late January, when concerns about the success of DeepSeek, a Chinese artificial-intelligence startup, knocked U.S. tech stocks.

Results late Wednesday showed Oracle’s quarterly capital spending hit $12 billion, overshooting consensus estimates by 44%, according to FactSet.

Overall revenue and operating income fell slightly short of expectations, as did AI-related cloud infrastructure revenue.

Analysts at KeyBanc Capital Markets said Oracle “missed expectations it had set not long ago, which calls into question the ability to execute on the promise of the future.”