Oracle closed at $129.13 on October 21, down 34% in 2026 even after cloud infrastructure revenue grew 121% last quarter. TD Cowen analyst Michael Elias wrote on October 20 that his checks suggest Nvidia may be providing credit support for some Oracle data center leases, either by guaranteeing lease payments or by leasing facilities and subleasing them to Oracle; neither company has confirmed it. First-quarter free cash flow was negative $5.4 billion despite record operating cash flow of $23.1 billion, and net debt stands at $132.1 billion. The company has also used prepayments and supplier financing to reduce the cash it spends on capacity. The Wall Street Journal reported that banks disclosing California filings held liens covering 87 million Oracle shares pledged by co-founder Larry Ellison for personal loans, up from about 30 million a year earlier, and Oracle says none of the pledged stock sits in margin accounts.
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Oracledata centerscloud computingNvidia
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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