** Shares of cloud firm Oracle ORCL.N plummet 10% to $180.87 premarket

** Co on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, and said it will also raise more debt in 2027, reflecting the staggering scale of cash burn needed to build out its AI infrastructure

** J.P. Morgan maintains an "overweight" stance on the stock, says diversified growth beyond AI infrastructure remains intact, with steady cloud applications, emerging agentic monetization, and an inflection in multicloud databases

** "Overall, we continue to be constructive on Oracle’s backlog and ingredients for ongoing growth acceleration, while acknowledging material CapEx outlays, though ultimately we see a positively biased risk-reward dynamic" - brokerage

** Co reports Q4 revenue of $19.18 billion vs estimates of $19.10 billion - data compiled by LSEG

** Average rating of 43 analysts is "buy", with a median PT of $255 - data compiled by LSEG

** As of last close, the stock is up ~3.3% YTD