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Oracle Lags Hyperscalers as Heavy AI Capex Weighs on Margins

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The Story

News Summary

  • Oracle has derated significantly compared to hyperscalers Microsoft, Amazon, and Alphabet amid aggressive AI infrastructure capex and negative free cash flow.
  • Despite soaring backlog to $638 billion and strong GPU utilization, heavy funding needs create near-term uncertainty ahead of fiscal earnings, while peers remain comparatively stable.
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AMZN price history

256.78 +13.48% over the displayed period

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