On August 6, Oracle fell 3.21% overnight, trading at $139.63 per share, with turnover of approximately $20.16 million. The decline was driven by continued market anxiety following Standard & Poor's credit rating downgrade and elevated default risk perceptions.

S&P Global Ratings previously downgraded Oracle's long-term issuer credit rating from BBB to BBB-, just one notch above speculative grade, citing severe free cash flow deterioration caused by the company's aggressive AI infrastructure spending. A critical risk factor highlighted was that approximately half of Oracle's $638 billion in remaining performance obligations stem from a single customer, OpenAI, representing extreme revenue concentration. Oracle's credit default swap spreads have surged past 2008 peak levels to record highs, reflecting heightened market stress over the company's leveraged AI bet.

Multiple rating agencies, including Moody's, have warned that the AI investment boom is pressuring free cash flow across major tech firms. Analysts note Oracle's situation may serve as a bellwether for broader credit market concerns about whether massive AI capital expenditures can generate adequate 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.)