Hedgie:
https://x.com/HedgieMarkets/status/2079297993111687679

S&P cut Oracle’s credit rating to one notch above junk, meaning lenders now see the company as borderline risky. Half of Oracle’s future revenue depends on OpenAI, which has never turned a profit. Investors who lend to Oracle are now charging significantly more than they charge other big tech companies because they’re less confident they’ll get paid back.

(Hedgie) I posted about Oracle’s downgrade last week. This Goldman note makes it worse. Stock investors and bond investors are looking at the same AI companies and coming to opposite conclusions. Stock investors see growth. Bond investors see companies spending more than they earn and borrowing the difference. When those two views diverge, the bond market usually ends up being right

325 to 126 over the last year