Why Did IBM, ORCL, SMR Stocks Drop To 52-Week Lows Today?

IBM, Oracle, and NuScale Power all hit fresh 52-week lows on July 16, 2026, as investors grew skeptical that heavy AI-related capital spending will deliver sufficient financial returns. IBM fell to $204.44 after Argus cut its price target to $280 from $360, citing underestimated component cost pressures and enterprise customers shifting spend from traditional software to AI infrastructure; the stock is down 26% year-to-date.

Why it matters: Oracle tumbled 6% to $123.66 amid concerns over aggressive cloud infrastructure capex, negative free cash flow, and an S&P credit rating downgrade to BBB-, while NuScale Power dropped 8% to $7.52 on doubts about long timelines for small modular reactor development.