As Oracle Announces Higher Restructuring Costs, Should You Still Buy ORCL Stock or Avoid It?

The Fall of Oracle (ORCL) was quite strange. After suddenly becoming relevant in the AI ​​race Become part of the $500 billion “Stargate Project.” and after coloring a blockbuster $300 billion deal With OpenAI, Oracle was among the leaders in cloud infrastructure with companies like Amazon (AMZN)Microsoft (MSFT)and alphabet (GOOGL).

But while this helped make Oracle Chief Technology Officer Larry Ellison briefly the richest person in the world, it all fell apart when reports surfaced about whether the company had the wherewithal to finance this infrastructure buildout. Oracle swap credit default spreads reached levels not seen since the global financial crisis as market participants grew wary of the company’s rising debt levels.

Still, Oracle doesn’t seem to care. In a recent filing with the U.S. Securities and Exchange Commission (SEC), the enterprise software giant said it will now spend $2.1 billion to restructure…