Oracle shares plunge 30% this quarter—worst since 2001—as new CEOs Magouyrk, Sicilia face investor doubts over $50B AI data center spending, OpenAI contract delivery, and mounting debt risks to investment-grade rating

Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI build-out

Oracle CEO Clay Magouyrk speaks at a Q&A session following a tour of the OpenAI data center in Abilene, Texas, on Sept. 23, 2025. Shelby Tauber | Pool | ReutersThree months ago Oracle named Clay Magouyrk and Mike Sicilia as its new CEOs. They're off to a rough start.Oracle shares have plummeted 30% so far this quarter. With four trading days remaining in the period, the stock is on pace for its sharpest decline since 2001 and the dot-com bust. Investors have grown skeptical about the database so...