Oracle(US:ORCL) Businesswire·2026-02-09 17:10Core Viewpoint - A class action lawsuit has been filed against Oracle Corporation for securities fraud, alleging that the company made misleading statements regarding its AI infrastructure strategy and financial health, leading to significant stock price declines during the class period from June 12, 2025, to December 16, 2025 [1] Financial Performance - On September 25, 2025, Oracle's stock fell by $17.13 (5.6%) to close at $291.33 after analysts warned that the market was overestimating future growth from Oracle's AI deals [1] - Following the release of disappointing Q2 fiscal 2026 results on December 10, 2025, Oracle's stock dropped by $24.16 (10.8%) to close at $198.85, missing consensus estimates in revenue growth and capital expenditures [1] - On December 12, 2025, Oracle's stock fell by $8.88 (4.5%) to close at $189.97 after reports of delays in data center completion for OpenAI due to labor and material shortages [1] - On December 17, 2025, Oracle's stock decreased by $10.19 (5.4%) to close at $178.46 after news that Blue Owl Capital withdrew funding for a $10 billion data center project due to concerns over Oracle's financial commitments [1] Allegations in the Lawsuit - The lawsuit claims that Oracle's management failed to disclose that the AI infrastructure strategy would lead to significant increases in capital expenditures without corresponding near-term revenue growth [1] - It is alleged that the increased spending posed serious risks to Oracle's debt levels, credit rating, and free cash flow, which were not communicated to investors [1] - The complaint asserts that positive statements made by Oracle's management regarding the company's business and prospects were materially misleading and lacked a reasonable basis [1]