According to the latest research report from TD Cowen, the investment banking arm of TD Securities, Oracle (ORCL) is facing unprecedented financial pressure as the expansion of AI data centers encounters funding bottlenecks. To ease the strain, the company is evaluating a series of measures, including laying off 20,000 to 30,000 employees and selling off some non-core businesses. The number of affected employees could reach nearly 30,000. The TD Cowen report highlights that several major U.S. banks have gradually withdrawn from loan arrangements related to Oracle's data center projects. Bank of America has already pulled out of loans tied to Oracle's data center projects. Oracle has begun requiring new customers to pay up to 40% in advance (excluding large AI clients) and is exploring a "Bring Your Own Chip" (BYOC) model, where customers provide their own GPUs and other hardware, thereby shifting some capital expenditures off Oracle's balance sheet. Last Thursday it was Microsoft, over the weekend it was NVIDIA and OpenAI, and now it's Oracle in the past two days—wave after wave of shocking news. Could this be the "spring massacre" in U.S. stocks we discussed mid-month? https://(x.com)/qinbafrank/status/2013240119969599712?s=46&t=k6rimWsEbo2D2tXolYcM-A