Overnight, Oracle's latest data center turmoil on Wednesday once again raised market concerns about artificial intelligence capital expenditures, affecting the entire market, although it seems more like an issue with Blue Owl rather than Oracle.
Oracle now appears to be in complete disarray, with its stock price falling to the lowest point since mid-June (below the 200-day moving average), down 45% from its peak, marking the largest decline since August 2011, while its CDS has widened to levels seen during the global financial crisis.
The negative outlook on Oracle has become synonymous with the overall trend of the Nasdaq index.
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ORCL

Oracle's stock price fell sharply due to concerns about artificial intelligence capital expenditures triggered by the data center turmoil, dropping to its lowest point since mid-June, down 45% from its peak. This decline is the largest since 2011 and has impacted the overall trend of the Nasdaq index

Oracle close to "halving": Is it all my fault?