Analyst: Oracle Earnings Revive Concerns of an AI Bubble, Bitcoin and Nasdaq Futures Both Decline

BlockBeats News, December 11: CoinDesk analyst James Van Straten wrote that despite the Fed's 25-basis-point rate cut, risk assets are still under pressure. This is mainly due to Oracle's underwhelming earnings report and the hawkish guidance from the Federal Reserve. Bitcoin is currently trading around $90,000, experiencing a 2.8% decline in the past 24 hours, while futures tied to the Nasdaq Tech Stock Index fell by 0.80%.

On Wednesday night, Oracle released its Q2 FY2026 financial report for the period ending November 30, 2025. The total revenue was slightly below market consensus, with traditional software revenue decreasing, especially weak new license sales. This once again highlights the gap between the debt-fueled AI infrastructure spending spree, committed revenue, and the cash flow reality of delayed payments.