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Oracle’s AI Spending Plans Face Investor Scrutiny as Some Funds Trim Stakes

Munro says questions over financing AI ambitions tied to OpenAI pressured the stock in the December quarter.

Overview

  • Munro Global Growth Fund reported a -0.7% return for Q4 2025 and cited Oracle as a key detractor.
  • Oracle reported Q2 fiscal 2026 revenue of $16.1 billion, up 14% year over year.
  • Oracle shares closed at $193.61 on January 14, 2026, implying a market value of about $556 billion.
  • Hedge-fund ownership ticked down to 122 portfolios from 124 in the prior quarter, and Mar Vista U.S. Quality Strategy reduced its Oracle position in Q4 2025.
  • Munro linked weakness in Coreweave to its role enabling Oracle’s computing ambitions, tying the supplier’s performance to Oracle’s spending trajectory.