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Oracle Corp.'s credit risk gauge is nearing an all-time closing high on Friday, reflecting growing investor concern over the company's heavy debt load. Rising oil prices and falling stock prices are adding to the pressure. The trend signals increasing wariness about Oracle's financial strategy amid its AI expansion.

A gauge of Oracle Corp.’s credit risk is nearing an all-time closing high on Friday, the latest sign that investors are growing increasingly wary about the technology giant’s heavy debt load amid rising oil prices and falling stock prices.