If You'd Invested $10,000 in Oracle a Year Ago, Here's What It Would Be Worth Today

ORCL shares have lost 62% over the past year, turning a $10,000 investment into roughly $6,300, as the market repriced the company from a high-growth software provider to a capital-intensive AI infrastructure builder.

The downturn comes despite strong AI-driven demand metrics: remaining performance obligations hit $638 billion and cloud infrastructure revenue accelerated to $18.1 billion. The pain stems from fiscal 2026 capital expenditures of $55.7 billion, which flipped free cash flow deeply negative at -$23.7 billion. Oracle also cut 21,000 employees and raised capital through both debt and equity, diluting shareholders.

The company is betting big on AI infrastructure buildout, but investors are now valuing it on capex intensity rather than software economics. The gap between top-line momentum and cash generation has widened sharply.