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