Oracle shares slipped for a seventh consecutive session on Monday, even as the company's AI backlog buildout hit $638 billion, despite strong market optimism.
The decline represents the stock's longest losing streak since 2021, a remarkable slide for the tech giant.
Analysts at Barron's encourage investors to buy, viewing the slump as a buying opportunity, and they point out the potential upside from AI contracts.
But Bloomberg cautioned that Oracle's heavy spending on AI data centers may not pay off, saying the outlays could outweigh short-term gains.
Piper Sandler kept its rating on the stock, pointing to expansion in AI capacity, and referenced rising demand for cloud services.
The company has yet to commented on the analyst split, leaving investors uncertain about the next move.