Why Did DKNG, SOUN, ORCL Stocks Plunge To 52-Week Lows Last Week?

What happened

DraftKings, SoundHound AI and Oracle shares reached fresh 52-week lows on Friday amid concerns about earnings, revenue and an AI computing agreement. DraftKings fell 21% after missing revenue expectations and cutting its 2026 outlook; SoundHound fell 3%, while Oracle ended 0.8% higher after trimming its losses.

Confirmed

Global impact / market context

DraftKings’ lower outlook points to less expected earnings, while its planned $650 million–$700 million investment in prediction markets could raise near-term costs. For investors, the combination of weaker results and substantial planned spending makes delivery on future revenue and earnings targets important.

Analyst inference

The article links the three stocks’ Friday moves to different concerns: DraftKings’ earnings reset, SoundHound’s quarterly revenue miss, and uncertainty around Oracle’s major AI computing agreement with Microsoft. These distinct drivers mean the stocks’ shared low-point headline does not indicate one common business problem.

Analyst inference

What to watch

1. Watch DraftKings’ next results for revenue and loss trends, and whether management’s reduced 2026 revenue and adjusted EBITDA forecasts remain achievable. Analyst inference
2. Track whether DraftKings spends the planned $650 million–$700 million developing prediction markets, and whether the article later reports revenue from that business. Analyst inference
3. Look for updates on Oracle’s AI computing agreement with Microsoft, since the article identifies uncertainty surrounding the agreement as a factor in Friday’s trading. Analyst inference

Evidence

• stocktwits.com