Oracle stock falls 15% in 2026 amid concerns over OpenAI's spending commitments following missed user and revenue targets

Oracle shares have fallen 15% in 2026 over concerns about its capital expenditures as it builds out artificial-intelligence data centers.

OpenAI has recently missed its own targets for new users and revenue, according to a Wall Street Journal report, raising questions among executives about whether it will be able to fulfill its spending commitments.

The sell-off is taking down much of the AI trade, including CoreWeave and SoftBank, as Oracle's relationship with ChatGPT-developer OpenAI is under scrutiny.