Oracle is one notch above junk after S&P downgrade as AI data-centre spending burns through cash

S&P downgraded Oracle to BBB- on July 9, placing the company one notch above junk status, as a $250 billion data-centre expansion plan burns through cash faster than revenue can replace it. Oracle is now the second-largest non-financial debt issuer in the Bloomberg US Corporate Bond Index after Amazon, with $117 billion outstanding. Shares fell […] This story continues at The Next Web

This story was reported by The Next Web. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at The Next Web →

Oracle is one notch above junk after S&P downgrade as AI data-centre spending burns through cash

More from Tech & Startups

Coca-Cola suspended production at its Fairlife dairy after a ransomware attack

1Password lets Claude log you into websites without ever seeing your passwords

Volkswagen enters the robotaxi race with a shared shuttle service in Hamburg

The driver who crashed a Tesla into a Texas home at 70 mph had pressed the accelerator to 100 percent, NTSB finds

Founders Fund hires former OpenAI exec Ryan Beiermeister

Google’s next Gemini Pro is months behind schedule as coding capabilities fall short of internal goals