ORCL

On Nov. 4, 2026, Oracle shares slid in premarket trading as reports of a scrapped Tencent deal renewed focus on how it funds its AI buildout.

Oracle (ORCL) reached $123.73 at the closing of the latest trading day, reflecting a -1.95% change compared to its last close.

Oracle Corp (NYSE:ORCL, XETRA:ORC) retained a "buy" rating and an unchanged $250 price target from UBS, which considers concerns about AI demand and supply overstated.

A clearer AI funding path helped offset dilution and borrowing concerns.

Key TakeawaysOracle has reportedly canceled a chip-leasing deal with Tencent worth an estimated $7 billion after pressure from the Trump administration. At about $1.

Gina Hinojosa has called for a pause on new data-center projects pending safeguards.

Oracle reportedly canceled an AI chip leasing agreement worth about $7 billion.

The financing combines new equity with debt carrying coupons as high as 8.65%.

Oracle maintains its $90 billion FY2027 revenue target and projects at least $225 billion by 2030, highlighting its ambitious AI cloud expansion and long-term growth strategy.

Oracle has shed half its value in a year while racking up billions in negative free cash flow, yet two Wall Street desks just slapped $400 price targets on a stock trading at $126. Something has to give.