Oracle Bonds Plunge To Record Low As $30 Billion CapEx In Peril On Data Center Turmoil

While Oracle stock remains just above yesterday's lows following the news of the company's force majeure at its massive "Project Jupiter" New Mexico Data Center, perhaps aided by a stock market which is stubbornly stable in the face of soaring bond yields and no actual geopolitical de-escalation, the same can not be said for its CDS, which yesterday hit a new all time wide (along with the broader hyperscaler complex)...

ORCL CDS just hit a new record wide, as its 2056 bonds (Baa2/BBB-) yield 8% for the first time ever, and wide of B2/B average (7.5%). When ORCL is junked, $120BN bonds will get kicked out of IG indexes pic.twitter.com/A4UFV2E2Ib

— zerohedge (@zerohedge) September 24, 2026