---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38774064.md"
description: "$Oracle(ORCL.US) Oracle's aggressive borrowing to bet on AI computing power has triggered a dual crisis of finance and credit. Its stock price has nearly halved from its peak and is seen by the market as a typical example of the AI bubble bursting. I'm not that talented, but here's a simple summary: Earnings Bomb: Cloud business gross margin plummeted, free cash flow turned negative, financial report fell short of expectations across the board.​Debt Explosion: Total liabilities exceed $100 billion, leverage ratio far exceeds peers, credit rating on the brink of junk status.​Financing Breakdown: Multiple banks have stopped loans for data center projects, financing channels are tightening.​Cutting Losses to Survive: Plans to lay off about 30,000 people, considering selling assets like Cerner to stop the bleeding.​Stock Price Crash: Market value has evaporated significantly, founder's wealth has shrunk. In a nutshell: Borrowed too much money for AI, didn't make a profit back, and managed to blow up cash flow and credit first. Oracle is the next Lehman Brothers."
datetime: "2026-02-18T14:42:39.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38774064.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38774064.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38774064.md)
author: "[白桃酥](https://longbridge.com/en/profiles/19369513.md)"
---

# $Oracle(ORCL.US) Oracle's aggressive borrowing to …


### Related Stocks

- [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md)
- [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md)

## Comments (16)

- **白桃酥 · 2026-02-22T01:47:38.000Z**: Oracle is about to be *st, hurry up and switch to Micron to see the light
- **贞下起元 · 2026-02-19T12:31:47.000Z**: Is it really hard to attract people in stock discussions without posting photos now? 😅😅
  - **退场** (2026-02-23T02:09:36.000Z): This photo isn't very attractive either..
- **孙割的交易员 · 2026-02-19T07:15:41.000Z**: Not Alibaba
- **孙割的交易员 · 2026-02-19T07:15:34.000Z**: Seriously, dude?
- **顾神与chatgtp · 2026-02-19T00:12:16.000Z · 👍 1**: Why is Oracle not "Lehman Brothers"?The fundamental difference in profitability (cash flow):Lehman Brothers held a large amount of toxic assets (subprime mortgages) back then; once credit broke, it went to zero completely. Oracle, on the other hand, possesses an extremely solid traditional d
  - **白桃酥** (2026-02-19T09:17:07.000Z): Oracle is showing early signs of a "Lehman moment"—high leverage + liquidity stress + a fundamental shift in its business model + a collapse in market confidence. If it cannot improve its cash
  - **顾神与chatgtp** (2026-02-21T15:15:23.000Z): If OpenAI and Musk's xAI continue to pay rent at the current scale, is Oracle's cash flow gap really irreparable?
  - **白桃酥** (2026-02-21T15:57:20.000Z): The stock price tells the whole story. No need for self-comfort.
- **马上来 · 2026-02-19T00:01:19.000Z**: The moat isn't wide enough; buying this is even worse than buying Google or NVIDIA.
- **壮志凌云，特斯拉 · 2026-02-18T16:14:39.000Z**: Oracle is not doing well
  - **白桃酥** (2026-02-18T16:16:32.000Z): The Evergrande of the US, the next Lehman Brothers
  - **壮志凌云，特斯拉** (2026-02-18T16:21:21.000Z): Judging from its structure and asset scale, it won't suddenly collapse like Lehman Brothers. The most likely risk is a slowdown.
  - **白桃酥** (2026-02-18T16:22:39.000Z): Oracle is like a blunt knife cutting flesh; it will eventually become the next Lehman Brothers.