Oracle Stock (ORCL) Plunges as Court Battle Erupts over Bond Losses Linked to AI Push

Oracle’s (ORCL) shares tumbled over 5% on Wednesday afternoon as investors that participated in its recent $18 billion bond sale dragged the software giant to court over their losses.

In a document filed in New York, investors who particpated in Oracle’s September notes and bond offering said the Texas-based company failed to reveal that it would have to issue additonal debt to facilitate the expansion of its AI infrastructure.