Oracle stock fell to a current price of $140.25. The shares previously traded at $174.90 on January 27, 2026. This movement represents a 4.38% decline. Bondholders filed a class action lawsuit over undisclosed AI debt needs. Morgan Stanley lowered its price target for the company from $320 to $213.
A broader software sector sell-off intensified after Anthropic's AI tools sparked SaaSpocalypse fears. Oracle shares slid approximately 5% on February 4, 2026. Larry Ellison’s wealth has decreased by $49 billion year-to-date.
Oracle plans to raise between $45 billion and $50 billion in equity and debt. The company will use these funds for 2026 AI infrastructure. This plan has amplified fears of excessive capex amid a market rotation from technology.