$34 Billion Was Wiped From Larry Ellison’s Net Worth Days After Briefly Becoming the World’s Richest as ‘AI Bubble’ Fears Grow

$34 billion was wiped from Larry Ellison’s net worth days after briefly becoming the world’s richest as ‘AI bubble’ fears grow

Elon Musk was the world’s richest person for nearly 300 days before Oracle co-founder Larry Ellison experienced a $101 billion overnight wealth surge, taking the throne from the Tesla executive. But his high was short-lived, as in the days following Oracle’s breakout earnings report, Ellison’s net worth plummeted $34 billion while Musk enjoyed a $35 billion surge. An economist tells Fortune the fall could be caused by “second thoughts” over Orac…

Moody’s flags risk in Oracle’s $300 billion of recently signed AI contracts

U.S. credit rating agency Moody’s flagged several potential risks in Oracle Corp’s $300 billion deal with OpenAI.

Moody’s Raises Red Flag Over Oracle’s $300 Billion AI Deals - Wall Street Pit

Moody's Ratings highlighted risks in Oracle's (ORCL) $300 billion AI contracts, primarily with OpenAI over five years, while affirming the tremendous potential for its cloud infrastructure business without altering the Baa2 investment-grade rating or negative outlook. The agency emphasized counterparty risk from reliance on a few AI firms, likening Oracle's…

Moody’s flags risks in Oracle’s massive AI contracts

Moody’s projects Oracle’s leverage ratio could hit 4x before earnings catch up, creating an extended period of high financial pressure. Agency believes free cash flow is likely to stay negative for quite a while, with breakeven only on the distant horizon as Oracle invests heavily to meet its obligations under these monster contracts. It’s not every day that a single deal can reshape the financial outlook of a tech titan, but that’s exactly what…