ORCL is trading at $198.21, down 3.3% during Friday's session after closing at $204.96 on November 26. The decline continues a volatile week marked by investor skepticism over Oracle's aggressive $300 billion OpenAI contract and mounting debt concerns. Morgan Stanley warned that Oracle's credit risk is nearing record levels, with five-year credit default swaps hitting three-year highs. DA Davidson slashed its price target from $300 to $200, citing transparency concerns about customer concentration risk. Despite broader market gains (S&P 500 +0.27%, NASDAQ +0.49%), Oracle is underperforming as investors await the December 15 earnings report for clarity on AI monetization.
🔴 ORCL is trading 3.3% down today amid ongoing AI spending concerns and debt worries
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