On June 18, Oracle fell 3.01% in regular trading, trading at $181.34/share with turnover of approximately $1.087 billion. The decline extends a multi-session selloff triggered by compounding negative catalysts.

The immediate driver is a report that Microsoft terminated negotiations with Oracle over a cloud infrastructure lease valued at over $3 billion. The deal reportedly collapsed because Oracle's public cloud lacks FedRAMP security certification — a framework required for handling U.S. government data — and Oracle was unwilling to undertake the engineering effort to add it. Oracle denied the report's accuracy but did not specify which details were incorrect, while Microsoft declined to comment.

This news compounds investor anxiety following Oracle's June 10 earnings call, which revealed FY2027 capital expenditure guidance of $70 billion and plans to raise $40 billion through debt and equity financing. Despite record Q4 results — including 93% OCI revenue growth and total revenue of $19.2 billion — the company reported negative free cash flow of $23.7 billion for fiscal 2026, fueling concerns over AI infrastructure return on investment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)