Explore the latest developments concerning Oracle Just Hit.
Oracle Just Hit a Fresh 52-Week Low and Had Its Credit Cut Toward Junk. Has the AI-Capex Panic Overshot?
Shares of Oracle (NYSE: ORCL) touched a fresh 52-week low of $121.50 on Friday. The database and cloud infrastructure company now trades about 63% below its high of $345.72, and its market capitalization has shrunk to about $365 billion.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
On July 9, S&P Global Ratings cut Oracle's credit rating from BBB to BBB-, leaving the company one notch above junk status. The driver was the enormous cost of the AI (artificial intelligence) infrastructure build-out Oracle has signed up for.
Oracle: Could Be One Of The First Dominos To Fall (NYSE:ORCL)
Using the words of Nvidia's (NVDA) CEO Jensen Huang, we are currently in the middle of the largest infrastructure buildout in human history. In terms of raw scale, the
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
ANBERNIC RG Cubexx Handheld Game Console 3.95" IPS Screen 64 Bit Linux System H700 Retro Video Gaming Supports 5G WiFi Bluetooth
Why Oracle's recent credit downgrade could be a warning sign for stocks
S&P Global downgraded Oracle's credit rating this month to BBB-, just one step above junk status. According to Tyler Richey, a technical analyst at Sevens Report Research, it could be a "canary in the coal mine" for the stock market.
The ratings agency cut Oracle's rating from BBB, citing heavy infrastructure spending and it's high exposure to OpenAI as risks to its ability to meet its debt obligations. While the news went relatively unnoticed in the stock market, Sevens Report says equity investors should pay attention, as it could be an early warning of bigger issues on the horizon.
For more detailed information, explore updates concerning Oracle Just Hit.
0 Comments