“The AI Collapse Warning”
Oracle's recent sell-off due to construction delays and debt concerns is exaggerated; the stock is poised for a technical bounce.
We've got credit default swaps skyrocketing well past 2008 levels for Oracle. And today Oracle is in the news for sending a force majour notice to stack infrastructure which is the blue owl developer for project Jupiter in New Mexico.
Apparently, the problem is their natural gas pipeline that they need to fuel their blue uh or bloom energy fuel cells is delayed yet again. And so this is leading the stock to sell off and leading once again to renewed fears about the artificial intelligence concentration of economic power so to speak.