【JPMorgan: Oracle's Aggressive AI Investment Raises Concerns in the Bond Market】Golden Finance reports that Oracle's (ORCL.N) aggressive artificial intelligence spending plan has attracted attention as its bonds face pressure while Wall Street searches for cracks in the AI hype. JPMorgan credit analyst Erica Spear expects that the pressure on the company's bonds will persist into next year. Last week, Oracle's stock price fell to its largest drop in nearly 11 months, and its credit risk indicators also rose to a 16-year high. The company's financial report showed that revenue fell short of market expectations, while it raised its annual capital expenditure target by $15 billion and more than doubled its future lease commitments. One of the co-CEOs, Clay Magouyrk, stated that the company is committed to maintaining its investment-grade debt rating, and the actual amount of borrowing may be less than the over $100 billion predicted by analysts. Spear noted, "For investors, the challenge lies here: management continues to finance investments almost entirely through debt, which is not surprising, but given the generally unclear investment timelines and upper limits, this approach remains frustrating."

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