ORCL.BA is trading lower, having declined 5.1% on June 24th, following continued investor apprehension regarding Oracle’s substantial AI infrastructure expansion and associated capital requirements. - Oracle's recent fiscal 2026 annual filing highlighted surging capital expenditures, which resulted in deeply negative free cash flow. - Concerns are amplified by plans to raise significant debt and issue new equity to fund the rapid AI buildout, potentially diluting existing shareholders. - The pressure is part of a broader market reaction to the high costs of Oracle's aggressive pivot towards artificial intelligence.