Oracle stock slips below $200 as AI bets worry investors

Business Nov 21, 2025

Oracle's stock just dropped to $193.55, sliding nearly 40% from its September high and dipping under the $200 mark for the first time in months.
Investors are uneasy about Oracle's big push into artificial intelligence and its heavy reliance on OpenAI, which seems to be shaking confidence.

Debt piles up and cloud revenue takes a hit

A huge chunk—65%—of Oracle's expected new revenue is tied to OpenAI, but that dependence has cost the company $360 billion in market value.
On top of that, Oracle's debt has soared past $100 billion thanks to massive spending on AI infrastructure.
Meanwhile, the company outlined plans to reach $166 billion in cloud revenue by 2030, but failed to impress investors, even as other tech stocks stay steady.