Oracle ( ORCL) reported Q4 FY26 results, and, in my view, the headline HFT algos did what they do best: they saw a $70 billion CapEx guide, compared it to the $67.66 billion consensus, and hit sell.

Oracle’s earnings had an opportunity to turn around the recent malaise with tech stocks.

Cloud revenue surged 47% to nearly $10 billion, while consolidated top-line growth reached 21%, supported by a robust $638 billion RPO backlog.