Thread

1. shimman · 1790258487 · focus · HN ↗

   Finding out that Oracle has a bond rating of BBB- [1] (one step above junk bonds) feels very appropriate for such a company with such a sordid history.

   [1] <a href="https:&#x2F;&#x2F;www.spglobal.com&#x2F;ratings&#x2F;en&#x2F;regulatory&#x2F;article&#x2F;-&#x2F;view&#x2F;sourceId&#x2F;101695609" rel="nofollow">https:&#x2F;&#x2F;www.spglobal.com&#x2F;ratings&#x2F;en&#x2F;regulatory&#x2F;article&#x2F;-&#x2F;vie...

   1. Analemma_ · 1790259747 · focus · HN ↗

      Right, Oracle is at the bottom of the heap (they borrowed the most with the least initial credibility— who the fuck seriously thinks Oracle was ever going to be a major player in AI), so weakness in the market will appear with them first. But I think it will bubble its way up.

      1. bwfan123 · 1790267226 · focus · HN ↗

         &gt; Oracle was ever going to be a major player in AI

         Stupidity on the behalf of management to get into AI at any cost even if it means becoming a land-lord of AI data-centers. They have good company with allbirds and other crypto-miner-turned datacenter operators. This is what a mania looks like. Hustlers of all shapes and sizes line up for dumb money which wont ask any questions. At the backend of this, these operators will be cleaned out, and sold to the highest bidders and that explains why microsoft is renting capacity, because they know at some point in the future there will be foreclosures, and they can buy on the cheap.

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