StocksMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
1 min read
Oracle Shares Slump 9% as Tech Selloff Intensifies Over AI Concerns
Key Facts
1Oracle shares tumbled on Wednesday, reversing gains made during Tuesday's session.
2The decline is attributed to uncertainty regarding pipeline approvals for the Project Jupiter data center.
Oracle shares slumped 9% on Wednesday amid a broad-based selloff across the technology sector. The decline followed reports linking the move to mounting concerns over the scale of AI infrastructure buildout and persistent uncertainty regarding pipeline approvals for the Project Jupiter data center.
ORCL closed at $143.2 on October 13, 2026, before facing heavy selling pressure that reversed its recent gains. The stock had traded between a low of $135.55 and a high of $144.18 during the October 13, 2026 session prior to the intensification of the sector-wide downturn.