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Stock impact report

Oracle Credit Risk Gauge Deteriorates After Earnings Report [Yahoo! Finance Canada]

Equitable Holdings, Inc. (EQH) 
Last equitable holdings, inc. earnings: 2/26 04:15 pm Check Earnings Report
Most Read from Bloomberg “Oracle really matters because it is the harbinger of the AI capex boom,” William Smith, senior vice president and director of credit at AllianceBernstein LP said on Bloomberg TV on Wednesday. “This repricing in debt markets is very consistent with the view that risks are building.” Shares of the Austin-based company declined more than 10% in extended trading in New York after closing at $223.01. Oracle is among tech giants borrowing heavily for artificial intelligence data centers. Banks involved in construction loans linked to Oracle have been buying credit default swaps on the company's debt to hedge their exposure. Investors and hedge funds have also boosted their hedging amid fears that Oracle's rising leverage is hurting its credit metrics and may push the company into high-yield status. On Wednesday, Clay Magouyrk, one of the Oracle's two chief executive officers, said that the company is committed to maintaining its investment-grade debt ratin Show less Read more
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