ORCL is trading 3.3% down at $186.55, pulling back following a strong multi-month AI-driven run that has led to recent commentary suggesting the stock is extended and valuation-stretched.
- Commentary from Zacks and others points to heavy, debt-fueled AI data center capex.
- Concerns include a stretched P/E ratio and sharp six-month underperformance relative to peers.
- The current move suggests a sentiment/positioning pullback rather than a new fundamental shock, as there are no fresh downgrades or earnings surprises this morning.