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Gauge of Oracle’s Credit Risk Hits Fresh All Time High

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Gauge of Oracle’s Credit Risk Hits Fresh All Time High A measure of Oracle Corp.’s credit risk hit a record high on Friday as concerns grew about both the company’s aggressive cash-burn and the future profitability of its artificial intelligence investments amid a new Chinese model that could rival offerings from companies like OpenAI. The cost of protecting Oracle against default using credit derivatives rose about 10 basis points to 198.23, the highest ever close, as investors demanded...

Gauge of Oracle’s Credit Risk Hits Fresh All Time High A measure of Oracle Corp.’s credit risk hit a record high on Friday as concerns grew about both the company’s aggressive cash-burn and the future profitability of its artificial intelligence investments amid a new Chinese model that could rival offerings from companies like OpenAI. The cost of protecting Oracle against default using credit derivatives rose about 10 basis points to 198.23, the highest ever close, as investors demanded more money to protect Oracle’s debt against default, according to ICE Data Services. The previous record was 198.18 on March 27.
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Originally published by Bloomberg Markets Read original →