Oracle’s Biggest Earnings Challenge Is a Market Fixated on Risk

Few stocks have been hit harder by investors’ rising skepticism around artificial intelligence than Oracle Corp. And there may be little the company’s upcoming earnings can do to change that sentiment.

The shares are down 54% since hitting a high on Sept. 10, the worst performance in the S&P 500 Index over that span, and have lost 22% to start the year, putting them among the 25 weakest stocks in the index. The last time Oracle had a drawdown of more than 50% was during the bursting of the dot-com bubble, and it took the stock years to fully recover.