Oracle’s (NYSE: ORCL) stock price sell-off started as an understandable, if overblown, reaction to fears of software-as-a-service (SaaS) disruption and swelling debt—but it has since spiraled into an outright disconnection from reality. While debt is growing, this is not an emerging tech start-up with a questionable growth trajectory, but a blue-chip name central to AI with a backlog to offset its liabilities.
Oracle, a proven builder and operator of AI-quality data centers, is an execution story. Its debt grows in 2026, but so too does its back-end backlog, which is on track to hit trillion-dollar levels.
