Shares of Oracle (NYSE: ORCL) fell to their lowest point in 14 months on Monday, as investor concerns mounted over the company's significant debt levels and the execution risks associated with major projects, including a substantial data center deal with OpenAI valued at $300 billion. These worries have also contributed to a recent credit rating downgrade.

The stock declined more than 6% on Monday, closing below $92 to mark its lowest level since May of last year. Year-to-date, Oracle shares have fallen approximately 31%.

In pre-market trading on Tuesday, the stock was down a further 0.8%.

Market apprehension is centered on two primary issues. Firstly, Oracle is advancing a massive $300 billion data center construction partnership with OpenAI, an investment plan that is expected to substantially increase the company's debt load. Secondly, investors are skeptical about Oracle's ability to effectively execute such a large-scale infrastructure expansion.

Despite Oracle's continued investments in cloud computing and AI infrastructure, including providing computing power for OpenAI, the company's financial pressures are intensifying. It faces the challenge of balancing the pursuit of AI growth opportunities with maintaining financial stability, a task the market is currently viewing with caution.

This development follows last week's news that OpenAI restructured as a for-profit public benefit corporation. Following this reorganization, the OpenAI Foundation holds approximately a 26% stake in the OpenAI group, which carries an estimated valuation of $130 billion. As a key computing power partner for OpenAI, Oracle's ability to fulfill its commitments will directly impact the development pace of this AI giant.