Analysts warn that Oracle’s aggressive investment in artificial intelligence is creating a significant credit risk. The company’s largest customer is a venture‑capital‑backed start‑up, and its debt‑to‑equity ratio has surged to 500%, far above peers such as Amazon and Microsoft. Oracle also carries the lowest cash‑to‑assets ratio among the major hyperscalers. Long‑term data‑center leases tied to OpenAI add roughly $100 billion of off‑balance‑sheet commitments. Recent leadership changes, including the departure of long‑time CEO Safra Catz and the appointment of co‑CEOs Clay Magouyrk and Mike Sicilia, underscore the strategic shift toward AI despite financial strain. Read more →