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EXPLAINED: 5 | Rare Historical Photos

MarketBeat Week in Review – 07/20- 07/24

Stocks fell as investors weighed AI CapEx concerns, Oracle's credit downgrade, Netflix and Tesla earnings, and upcoming Fed and Magnificent 7 reports, plus stock picks across sectors.

MarketBeat

Oracle awarded 10-year $7 billion Pentagon deal to supply Department of War with vital software and services

The contract unifies existing Oracle licensing under a single vehicle, and is expected to save $441 million across the 10-year period.

TechRadar

Chip Stock Sell-off Puts Downward Pressure on Broader Market

The S&P 500 Index ($SPX ) (SPY ) on Friday fell -0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) rose +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -1.27%. September E-mini S&P futures (ESU26 ) fell -0.08%, and September E-mini Nasdaq futures (NQU26 ) fell...

Barchart

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The $7 Billion Reason Oracle Stock Is in Focus Today

Oracle has secured a $7 billion contract from the U.S. Department of Defense. But does that warrant buying ORCL shares?

Barchart

Oracle Cut 21,000 Jobs to Fund AI: Now Its Biggest Project Faces a $7 Billion Obstacle

Oracle's ambitious AI infrastructure expansion faces financial and regulatory hurdles, exacerbated by its recent credit downgrade to just above junk bond status.

International Business Times UK

Uber's AI Push Triggers Second Round of Layoffs in Just Two Months: Who's Affected This Time?

Uber has announced a 10% reduction in its customer service workforce as it restructures operations to integrate artificial intelligence, marking its second major layoff in two months.

International Business Times UK

Chris Wood warns of massive capital destruction in US as China challenges AI boom

Jefferies strategist Chris Wood warns that the AI infrastructure boom could trigger massive capital destruction as cheaper Chinese open-source models challenge US dominance. With hyperscalers set to spend nearly $1.6 trillion over two years, investors are increasingly questioning whether returns will justify the unprecedented capex and rising debt.

The Economic Times

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Uber cuts 10% of customer service staff in favor of AI

Second time in two months that ride share giant has laid off staff

The Independent UK

Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffs

Uber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligence. The move reflects a broader Silicon Valley trend as Big Tech firms including Amazon, Microsoft, Oracle and Meta restructure teams, automate work and accelerate AI adoption across operations.

The Economic Times

Oracle Financial Services shares jump 5% on strong Q1 results; PAT soars 121%, revenue up 69%

Oracle Financial Services Software shares rose 5% on Thursday. The company reported a 121% year-on-year net income increase. Revenue from operations also saw a substantial 69% jump. New agreements with major global financial institutions were highlighted. Management attributed success to AI-first strategy and product modernization.

The Economic Times

Data Center Costs Are Racking Up. What That Means for Oracle Stock Here.

Oracle might have to pay $7 billion in data center costs. Analysts are reacting by hitting the pause button.

Barchart

AI tech companies have ‘hidden debt’ worth around $1.65 trillion, report claims — amount is 122% of debt reflected on the balance sheets of Alphabet, Amazon, Meta, Microsoft, and Oracle

Five tech giants have $1.65 trillion in data center obligations that are listed off their balance sheets. These liabilities are added as footnotes in their quarterly statements but will become due and payable once these data centers start operating.

Tom’s Hardware

Oracle’s Worst Stock Crash in 25 Years: Only Time Will Tell If It Can Recover from Its AI Spending Gamble

Oracle stock has plunged 65% from its AI-fueled peak as investors question massive spending, debt, and data center risks. The decline now rivals its worst downturn since the dot-com bust.

Barchart

US Stock Market: Big tech's AI spending boom raises cash flow concerns despite early returns

America's biggest technology companies are beginning to generate meaningful AI-driven revenue, but surging infrastructure spending is putting free cash flow under pressure. Reuters' analysis of LSEG estimates shows capital expenditure is expected to outpace free cash flow by 2027, shifting investor focus toward AI monetisation and long-term returns.

The Economic Times

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The Economic Times

AI investment boom puts Big Tech's free cash flow under pressure

Big tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow generation. Microsoft and Amazon show early AI revenue growth signs. However, investors worry about sustained spending and cash depletion. Oracle's shares have fallen significantly amid negative free cash flow.

International Business Times

Big Tech's $3 Trillion AI Bet Faces A New Skeptic: Credit Markets

Credit markets are growing more cautious about the AI spending spree as $1.65 trillion in off-balance-sheet obligations raise concerns.

Barchart

Oracle Stock Is Deep in the Red, But Wall Street Sees 220% Upside

Despite a sharp selloff, Oracle's record backlog and booming cloud business continue to strengthen its long-term outlook.

TechRadar

Estée Lauder says it was hit by data breach caused by Oracle E-Business issue

The breach happened in August 2025, but was only spotted recently by Estée Lauder.

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MarketBeat

Oracle Is One Step From Junk—Can It Afford the AI Boom?

S&P cut Oracle's credit rating to BBB- on AI spending and OpenAI concentration risk, highlighting a widening financial gap versus Microsoft, Alphabet and Amazon in funding AI buildouts.

The Economic Times

Downfall of a Wall Street darling: Why Oracle shares crashed 65% from peak

Oracle shares have dropped about 65% from their peak as investors shift focus from AI-driven cloud growth to rising capital expenditure, debt and execution risks. Despite strong OCI revenue and a massive backlog, markets seek proof that AI investments can generate sustainable returns.

MarketBeat

Bank Earnings Are Roaring, But Wall Street Isn't Ready to Celebrate

Marc Chaikin of Chaikin Analytics breaks down bank earnings, mega-cap tech divergence, oversold chip stocks, SpaceX's post-IPO slide and mid-cap names like Avnet this earnings season.

Salon

MAGA merger will make movies boring

The Paramount/Warner Bros. merger will suck the joy out of TV and movies

The Economic Times

This US tech billionaire once begged power companies to keep his electricity on, faced rejection from almost every investor, now owns a $300 million Hawaiian island

Larry Ellison, the co-founder of Oracle, once struggled to pay his electricity bills for his computer and faced investor rejection while building his early software products. Later, he named his company Oracle after a CIA project code. Ellison purchased nearly all of a Hawaiian island for three hundred million dollars.

The Times of India

Billionaire Larry Ellison once struggled to pay his electricity bills to keep his computer running. Now, the Oracle co-founder has written a $300 million cheque to buy a Hawaiian island three times the size of San Francisco

Once grappling with utility bills for his workshop, tech magnate Larry Ellison transformed his fortunes by acquiring 98 percent of a Hawaiian island for a staggering $300 million. Now residing full-time on Lanai, he envisions a luxury destination coupled with a sustainable community. Despite fluctuations in his wealth driven by…

Benzinga

Oracle Has a Massive Revenue Backlog: Why is the Stock Plunging?

Oracle (NYSE:ORCL) stock remains in a steep freefall, wiping out billions of dollars in market value and emerging as one of the worst-performing stocks in the Nasdaq 100 Index this year.

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