Oracle shares drop 1.4% as AI backlog costs come into focus
ORCL fell about 1.4% to $142.84 Tuesday after a prior earnings-related surge, with investors shifting attention from the size of the AI backlog to the costs of building capacity behind it.
84 Tuesday as investors looked past the company's large AI backlog and instead focused on the cost of building the capacity behind it. The stock's pullback followed last week's earnings surge.