Oracle shares dropped 4.61% to $141.26 in after-hours trading following the announcement of a new 15% global flat tariff. The levy has sparked widespread tech sector volatility and concerns over the increasing costs of AI infrastructure.
- Investor Michael Burry recently targeted hyperscalers' data center spending, adding further pressure to the company's outlook.
- Oracle remains under scrutiny regarding its $248 billion in future lease commitments and an aggressive $50 billion capital expenditure plan for fiscal 2026.