Oracle’s stock market frenzy over a $400 billion-plus contract backlog wanes as doubts arise about reliance on OpenAI and debt-fueled datacenter buildout. Analysts predict $400 billion spend on AI infrastructure with concerns over OpenAI funding. Oracle’s stock erodes gains amid lack of real-world AI adoption. Revenue expected to rise 15.3% to $16.21 billion. Oracle aims for adjusted gross margins of 30-40% for AI cloud computing. If OpenAI fails, Oracle would need to scale back and pay off debt.

Read more at Yahoo Finance: Oracle’s OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries