Is Oracle (ORCL) Losing Ground In AI Infrastructure Demand? Sasha Jovanovic Mon, November 9, 2026 at 9:09 AM EST 3 min read ORCL +0.28% MSFT +2.65% ING +3.55% OPAI.PVT 9984.T -4.20% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Oracle (NYSE: ORCL) is losing a cloud AI rental arrangement as Microsoft winds down use of Oracle infrastructure tied to older Nvidia chips.
ING plans to sell a large portfolio of data center loans that includes a major Oracle related AI project involving OpenAI and SoftBank.
Both the Microsoft exit and ING loan sale raise fresh questions about demand for Oracle linked AI infrastructure projects. Take a look at 4 other big wins we have identified for Oracle.
Consider widening your research to other AI infrastructure players through 53 AI infrastructure stocks.
Oracle runs a global software and data infrastructure business that helps enterprises build and operate large scale information technology systems, so shifts in big cloud and data center contracts can influence how its platforms are used for AI workloads and long term infrastructure planning.
We've flagged 3 risks for Oracle. See which could impact your investment.
Microsoft is stepping away from an Oracle arrangement that used older Nvidia chips, which highlights how fast hyperscalers are rotating into newer AI hardware. For Oracle, it underlines the risk that parts of its installed GPU base can date quickly if they are not refreshed or repurposed into other workloads such as inference or lower tier AI training.
ING's plan to offload about US$500m of data center loans, including a US$25m slice tied to the Stargate site in New Mexico, indicates that lenders want to reshape risk around large AI builds. That does not change Oracle's role in the OpenAI and SoftBank linked project, but it does show that external financing appetite for long dated AI infrastructure can shift as political and regulatory scrutiny rises.
The Narrative hinges on Oracle turning a US$638b AI and cloud contract backlog into profitable, cash generative usage despite heavy CapEx and planned funding. Losing a Microsoft contract tied to older chips and seeing a key loan syndicate thin out adds to the Narrative risk that parts of that backlog convert more slowly or at tougher economics than expected.
See how these catalysts shape Oracle's path to a $238 fair value.
The key signpost is how Oracle redeploys capacity and funding toward newer AI partnerships. Investors can monitor disclosed GPU utilization, the mix of next generation accelerators in new Oracle Cloud Infrastructure deals, and any concrete updates on multicloud OpenAI related usage or other hyperscaler collaborations through 2027 that can backfill older, rolling off contracts.
Add Oracle to your Watchlist and get alerts as these catalysts play out.
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Companies discussed in this article include ORCL.
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