New Delhi, June 11 -- Shares of Oracle Corp crashed 13% on Thursday, 11 June, falling to a four-week low of $175.3 apiece on the New York Stock Exchange as investor sentiment turned cautious after the company provided an update on its capital expenditure plans, which came in higher than Wall Street's estimates.

If the losses persist, the stock will register its biggest one-day drop since January last year, wiping out around $72 billion from the company's market capitalisation of $578.83 billion.

Alongside its fiscal fourth-quarter results, the company announced plans to spend billions of dollars on building large-scale data centres, raising concerns among investors that the heavy investments could pressure profitability as Oracle contin...