Here's Why Oracle Stock Got Hammered Last Month
2026-03-03 07:20:00 ET
Oracle (NYSE: ORCL) declined 11.7% in March according to data from S&P Global Market Intelligence . The stock is down more than 23% in 2026 as I write. However, the key benchmark date is likely mid-September, when news of the $300 billion deal with OpenAI broke. The initial euphoria over the deal quickly faded, and Oracle's stock is down more than 54% since mid-September.
Image source: Getty Images.
The chart below shows Oracle's decline, and it's no coincidence that Microsoft (whose cloud computing business, Azure, has 45% of its backlog coming from OpenAI) is also a significant underperformer, while Alphabet (with minimal OpenAI exposure) is the outperforming hyperscaler.
NASDAQ: ORCL
ORCL Trading
1.9% G/L:
$156.825 Last:
15,245,812 Volume:
$152.92 Open:
