Oracle Drops as Bond Selloff Raises Borrowing Costs for Debt-Funded AI Buildout
A global bond selloff pushing the 10-year Treasury yield toward 4.78% is pressuring balance sheets tied to debt-funded AI spending. Oracle’s fiscal 2026 capex rose to $55.7B, driven by a cash outflow that was funded with $43B in debt and $5B from stock, increasing leverage (liabilities $218.7B; long-term debt $122.3B).