Oracle, Adobe in Spotlight as BNP Paribas Breaks Down Software Sell Off

Faizan Farooque

Wed, February 11, 2026 at 9:19 PM GMT+9 1 min read

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ORCL

+2.11%

ADBE

-0.84%

BNPQF

-0.63%

This article first appeared on GuruFocus.

Oracle Corp. (ORCL, Financials) is back in the spotlight after BNP Paribas analyst Stefan Slowinski weighed in on the recent slide in enterprise software stocks.

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Slowinski said Oracle’s newly announced 2026 capital plan which includes raising up to $50 billion in debt and equity has rattled some investors, particularly the equity component, which came as a surprise. Still, he believes the move ultimately reassures markets that Oracle’s financing is solid and its long-term cloud strategy remains on track.

Slowinski noted that Oracle’s balance sheet flexibility will support its data center buildout and help meet ambitious 2030 growth goals. He added that orders from existing AI customers should continue to climb as global demand for infrastructure accelerates.

Turning to Adobe, Slowinski said the company is grappling with AI disruption fears that have pressured its shares. With 70 million free users now in its ecosystem, Adobe’s monetization cycle could take longer, though he called its usage metrics reassuring.

Both companies, he concluded, are facing short-term turbulence but remain fundamentally strong positioned to benefit as enterprise AI spending continues to expand.

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