Oracle Stock Is Down 58% From Its Peak -- but Revenue Is Still Growing by Double Digits. Time to Buy?

Oracle's stock has plummeted 58% from its September peak despite posting record fiscal 2026 results with 17% revenue growth and 37% net income growth. The company's cloud infrastructure business is booming with 93% growth, backed by a massive $638 billion backlog of AI deals. However, the stock decline reflects investor concerns about Oracle's massive debt-funded capital expenditure ($55.7 billion in fiscal 2026) needed to build out data centers, creating execution risk if AI demand softens or returns disappoint.