Oracle Corp. shares fell more than 3% on Thursday as investors awaited the software and cloud computing giant's quarterly earnings report, due after the US market closes.
The company’s stock has faced pressure this year as investors remain concerned about the huge debt burden Oracle has accumulated while expanding its artificial intelligence infrastructure.
Oracle shares reached a record high exactly a year ago after more than doubling during the previous 12 months. Since that peak, however, the stock has lost more than half its value, making it the eighth-worst performer in the S&P 500 Index.
Although Oracle shares have rebounded 36% from their July low, they are still down 19% in 2026 and are heading for their weakest annual performance since 2008.
At 12:28 p.m. EDT on Thursday, Oracle shares were down 3.44%, or $5.69, at $155.94.