Oracle Earnings Miss Reignites AI Infrastructure Bubble Fears as Stock Drops 11%

Summary

On December 11, 2025, Oracle's Q2 FY2026 earnings report triggered an 11% stock decline — the biggest single-day drop since January — and reignited broader AI infrastructure bubble fears across the technology sector. Bloomberg published an opinion piece headlined "Oracle Is Having Its Own Code Red Moment," and the Oracle selloff dragged down AI-adjacent stocks including Nvidia and CoreWeave. Oracle reported total revenue of $16.1 billion (up 14% YoY) with cloud revenue of $8.0 billion (up 34% Y