https://www.fool.com/investing/2026/11/05/why-oracle-stock-is-sinking-today/
The political squeeze resulting from flipped house and senate is the final straw. Oracle and Coreweave will be the first two dominoes to fall.
Does anyone really still believe the BS that OpenAI or Oracle is "too big to fail"? That purported government backstop vanished this week (not that it ever really existed in the first place)!
@kn
But they do matter in terms of leniency toward the ongoing corporate and federal spending free-for-alls. Just take the TX governor elect's statements regarding new data center construction as an example.
The election results this week do not matter. The Democrats bailed out the financial services industry in 2008 and will bail out Open AI and Oracle. Both companies will still do huge layoffs.
What is brewing in the markets right now is a combination of the last 2 big market correction the dotcom bubble of 2000 and the financial meltdown2008. The markets are showing signs of faltering right but the big drops are coming. The markets have been overbought for years. There will be a lot more layoffs and the people already out of work will have less chance of finding their next job.
Oy!
My sciatica!
🍿🍿🍿
@ad
a commentator on CNBC? LOL
A commentator on CNBC said the federal government will come to the rescue if necessary. AI is too tied to national defense for it to be allowed to flounder. Whether that would include Oracle only time will tell.