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Night View Capital trims Oracle after strong cloud gains
The firm cited AI computing demand and said it reduced its ORCL position modestly while funding other ideas.
Night View Capital, an investment management firm, trimmed its position in Oracle after what it described as robust cloud gains, according to its second-quarter 2026 investor letter published by Yahoo Finance.
In the letter, the firm framed AI as a market wide force similar in impact to electricity, arguing that most software companies can adapt by integrating AI rather than facing lasting industry failure.
Night View Capital said Oracle sits on a large base of enterprise data and has become a key provider of AI computing infrastructure, adding that cloud demand has been remarkable. It also attributed the trimming to a decision to harvest gains from the stock run to fund other ideas it sees as having more room ahead.
The letter included Oracle market context: the company closed at $119.90 per share on July 27, 2026, and reported a one month return of -18.18% and a 52 week loss of 52.04%. Yahoo Finance also noted that 115 hedge fund portfolios held Oracle at the end of the first quarter, up from 111 in the prior quarter.