[Oracle Default Risk Indicator (CDS) Soars to Historic High] Reported by Golden Finance, on July 19, Oracle Corporation's credit risk indicator surged to a historic peak, reflecting deep market concerns about the sustainability of the AI investment boom. According to ICE Data Services, Oracle's credit default swap (CDS) spread rose approximately 10 basis points on Friday to 198.23, setting a record-high closing level, surpassing the previous peak of 198.18 recorded on March 27. This indicates that the cost investors must pay to protect Oracle's debt from default has reached unprecedented levels. Within the Bloomberg U.S. Investment-Grade Corporate Bond Index, Oracle holds approximately $117 billion in bonds, making it the largest non-financial company in the index. Meanwhile, the release of the new AI model Kimi K3 has sparked concerns about the competitiveness of existing AI products, putting pressure on tech stocks overall. The combination of these signals has further deepened market doubts about Oracle's aggressive capital expenditure strategy and the prospects for returns on its AI investments.