Oracle Stock Has Lost 60% Since Its Last Investor Day. Is It a Buy Before Wednesday?

Oracle stock has declined 60% since its October 2025 investor day despite meeting most revenue and earnings targets. The company's massive capital expenditure on AI data centers ($90-95 billion expected this fiscal year) has resulted in negative free cash flow of $23.7 billion, forcing Oracle to increase debt by 37% to $125 billion and issue $20 billion in new shares. While Oracle's fiscal 2030 targets remain on track, investors are concerned about how the company will fund its 2027 expansion and when free cash flow will turn positive.