Oracle's investment-grade notes have tanked into junk bond territory. What's driving this? Data center completion delays are raising serious questions about whether the AI boom can actually deliver on its promises. When a trillion-dollar company's debt suddenly looks risky, it signals something deeper—investors are getting nervous about the real returns on AI infrastructure. The fear is real: if Oracle can't execute smoothly on its data center roadmap, what does that say about the sustainability of AI capex cycles? This kind of credit deterioration typically spills over into broader markets, including digital assets. Risk premiums are tightening across the board when big tech starts stumbling.