On July 13, Oracle declined 3.18% in regular trading, trading at $136.07/share with turnover of $1.106 billion, as the market continued to digest S&P Global's credit rating downgrade and its explicit identification of OpenAI as a critical credit risk factor.

S&P downgraded Oracle's long-term issuer credit rating from \"BBB\" to \"BBB-\" — the lowest investment-grade level, just one notch above speculative (junk) status. The agency cited two primary concerns: first, AI capital expenditure surging to an estimated $90-95 billion for fiscal 2027 with prolonged return timelines, projecting a free operating cash flow deficit of approximately $42 billion; second, extreme customer concentration, with OpenAI accounting for nearly half of Oracle's contractual obligations. S&P warned that if OpenAI — whose valuation remains debatable — encounters financial distress, Oracle would face idle capacity and severe financial impact.

The downgrade compounds broader market concerns about AI infrastructure spending sustainability. Six major tech companies classified as AI hyperscalers have collectively issued approximately $244 billion in bonds this year, more than double last year's total, raising investor anxiety over debt-fueled expansion with uncertain returns.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)