Analyst: Oracle Earnings Report Reignites AI Bubble Concern, Bitcoin and Nasdaq Futures Both Down

On December 11, CoinDesk analyst James Van Straten noted that even as the Federal Reserve cut interest rates by 25 basis points, risk assets remain under pressure — primarily due to Oracle’s earnings miss and the Fed’s hawkish guidance. Bitcoin is currently trading around $90,000, down 2.8% over the past 24 hours, while Nasdaq-linked futures on Wall Street slipped 0.80%. Late Wednesday, Oracle reported fiscal 2026 Q2 earnings (for the period ended Nov. 30, 2025): total revenue came in slightly below market consensus, dragged down by falling traditional software sales, particularly weak new license revenue. This underscores the gap between the frenzy of debt-fueled AI infrastructure spending, committed revenue, and the reality of delayed cash flows.