Oracle (ORCL) shares fell more than 11% in after-hours trading, following the Q2 fiscal 2026 report, a sharp repricing that seemingly contradicts the main narrative of booming AI demand.

By Amanda Cooper LONDON, Dec 11 (Reuters) - The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.

AI spending is front and center again for investors. Oracle plunged Thursday, with top hardware makers including Nvidia and Broadcom also dropping.

Compare Intuit vs Oracle: steady subscription growth or bold cloud gamble—see which stock offers stronger upside in 2026.

Oracle stock fell 11% today, as investors fret over how much the company is spending to build out AI data centers for OpenAI and others. Oracle Chairman Larry Ellison, whose roughly 40% stake has made

Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered the worst stock decline in more than 10 months after its sales outlook for the market failed to meet investors’ lofty expectations.

Oracle shares slid more than 6% on Wednesday in after-hours trading, after the software giant posted revenue results that missed expectations.

The software giant’s latest results is adding fuel to concerns over its ability to capitalize on the AI industry’s ravenous demand for computing capacity.

Oracle Corp.’s new investment-grade notes are now trading more like junk bonds, as delays on the completion dates for some data centers add to fears about profits from its artificial intelligence investments.

The cost of insuring against a potential default by Oracle is rising.