Oracle Hits 52-Week Low and Credit Rating Cut Amid AI Infrastructure Spending Concerns
Oracle shares hit a new 52-week low as the company's credit rating was downgraded by S&P Global Ratings due to concerns over its heavy capital expenditures on AI infrastructure. The downgrade reflects worries about Oracle’s balance sheet, with significant cash outflows and projected deficits in free operating cash flow.
Topics: AI infrastructure spending capital expenditures free cash flow deficit Oracle S&P Global Ratings