Oracle shares closed near session lows after Morgan Stanley cut its price target by 30% to \$213, citing concerns that AI infrastructure buildout will pressure near-term earnings.
- The stock declined despite the broader NASDAQ Composite gaining 0.97%, suggesting sector-specific headwinds.
- Management maintains its aggressive \$50 billion fiscal 2026 CapEx guidance.
- The company expects \$4 billion in incremental revenue acceleration beginning fiscal 2027, driven by AI and multicloud deployments.