Oracle's earnings report day prompts consecutive urgent statements: stock price has fallen 56% in half a year, and the $300 billion AI gamble is being revalued by the market

CryptoWorld News reports that according to 1M AI News monitoring, Oracle issued another statement this morning on X, stating that recent media reports “reflect a fundamental misunderstanding of AI data center construction methods,” emphasizing that the flagship Abilene park “is progressing as scheduled, with 200MW already in operation.” Yesterday, Oracle posted that the related reports were “false and incorrect,” and today they issued a new statement with different wording. After the market close today, the company will release its FY2026 Q3 financial report. The two statements in two days are a response to a series of shocks over the past two weeks: on March 5, reports claimed Oracle planned to lay off thousands of employees to cope with cash shortages caused by AI data center expansion; the next day, reports indicated Oracle and OpenAI abandoned plans to expand the Abilene flagship Stargate park from 1.2GW to about 2GW, causing ORCL to shift from a 3% gain to a decline during trading. OpenAI infrastructure executive Sachin Katti publicly admitted abandoning the expansion, stating “the final decision was to deploy additional capacity elsewhere.” Earlier, reports of delays in delivery scheduled for December 2025 and the “zero employees, zero data center” joint venture Stargate in February 2026 had already triggered a round of selling. Oracle’s core dilemma is the gap between a $300 billion OpenAI contract and its own balance sheet. In December last year, the company disclosed that capital expenditure was expected to exceed previous estimates by $15 billion, and in February this year, it announced plans to raise up to $50 billion. Wall Street analysts expect free cash flow to remain negative until 2030. ORCL has fallen from a 52-week high of $345.72 in September last year to $151.56 at last Friday’s close, a decline of about 56% over six months, with many investment banks significantly lowering target prices. The financial report release this morning is essentially an attempt to control the narrative before tonight’s conference call.