Wedbush and 23 Analysts Pumped Oracle as an AI Infrastructure Juggernaut. The Stock Peaked at $345.72. Its Now at $144.

Wall Street was OBSESSED with Oracle in early 2026. 23 of 35 analysts rated it a Buy with an average price target of $298—implying 57% upside. Dan Ives from Wedbush was pushing it hard. The story sounded perfect: $553 billion in contracted AI backlog, $300 billion OpenAI deal, participation in the massive Stargate initiative, margins above 30% on AI infrastructure. Executives were confidently backing $50 billion in debt and equity to scale. The stock ripped to $345.72 on April 7th. Then investors started asking awkward questions: What if this debt crushes returns? What if execution fails? What if the margins don't materialize? By April 8th, the stock was getting demolished on fears of negative free cash flow and unmet execution risks. Down 24% in 2026 alone. The AI infrastructure thesis did not break—the valuation broke. Turns out $345 was peak skepticism point, not peak opportunity.