Oracle Slips, Alphabet Leads Tech Rally, Centene Jumps
On this episode of Stock Movers:Oracle (ORCL) Oracle credit-default swaps -- cost of protecting Oracle's debt against default rose to the highest in more than three years Oracle's AI spending spree is raising questions over how exactly the company is going to fund its deals, especially since it has a weaker credit rating than Microsoft or Alphabet -- it's quickly emerging as the credit market’s barometer for AI risk Stock slumped 11% last week, six-week stretch of declines -- losses also caused a $130 billion hit to Larry Ellison's net worth after the rally in September briefly made him…
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