According to The Kobeissi Letter, Oracle (ORCL) fell over 11% after hours following its earnings, pulling the AI trade lower and coinciding with equity futures down about 1%. Source: The Kobeissi Letter on X, Dec 11, 2025. The Kobeissi Letter reports Oracle raised its 2026 CapEx estimate by $15 billion, signaling a significant shift in planned spending. Source: The Kobeissi Letter on X, Dec 11, 2025. For trading, the AI-led risk-off move and futures weakness are key cross-asset signals and are highly relevant for crypto market participants tracking broader risk sentiment in BTC and ETH. Source: The Kobeissi Letter on X, Dec 11, 2025.