Oracle Shares Fall 2.86% in Thursday Trading After Investor Day Rally

Oracle shares traded at $140.40 at 11:29 a.m. ET (15:29 UTC) Thursday, down 2.86% from Wednesday’s $144.54 close. The quote was an intraday snapshot, not a closing price. Oracle had gained 10.73% in the Oct. 28 session.

That rally followed Oracle’s Oct. 28 Investor Day and its cash-flow outlook.

Separately, Alphabet’s third-quarter revenue rose 25% from a year earlier to $127.577 billion. Google Cloud revenue reached $30.709 billion, up 103%. The quarter ended Sept. 30.

Alphabet recorded negative free cash flow of $9.065 billion for the quarter, compared with a $5.855 billion deficit in the second quarter. Purchases of property and equipment totaled $51.355 billion. Net income available to common stockholders was $26.17 billion, down from $34.979 billion a year earlier.

Alphabet CEO Sundar Pichai said Google Cloud’s growth was “powered by huge demand for our AI infrastructure and AI solutions.” Oracle’s fiscal 2028 through 2030 figures are company targets; Alphabet’s figures are for its quarter ended Sept. 30.