AI investment intensifies investor worries, Oracle bonds are being sold off.
Reports have stated that Oracle Corporation's bonds have been hit in the past few days, as there are reports that the cloud computing and artificial intelligence services provider plans to add another $38 billion to its heavy debt burden to fund its artificial intelligence infrastructure. According to market sources, the price of Oracle's bonds due in 2033 with a coupon rate of 4.9% has dropped, pushing yields up by more than three basis points over the past two weeks, while the yields of newer bonds due in 2032 with a coupon rate of 4.8% have risen by nearly two basis points in a week.
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