Oracle shares rose 3.28% to $140.95, participating in a broader market surge that paused a week-long tech selloff, offering a slight recovery after the stock had recently plunged over 25%.
- The historic plunge was driven by investor skepticism regarding the financial risks associated with Oracle's massive AI cloud infrastructure capital expenditures (CapEx).
- Negative sentiment had been exacerbated by a recent $25 billion bond offering and a class action lawsuit filed February 5th alleging the company misled investors about the increasing CapEx commitments.