The credit status of Oracle continues to deteriorate and warrants caution. Its CDS spread (cost of default insurance) has risen to 151 basis points, reaching a new high since 2009 — this is not only a warning sign for this tech giant but also reflects the risks faced by the entire AI industry. The market is re-pricing default probabilities. When even the industry leader's debt risk is rising, what about AI startups with weaker financing capabilities? This reflects a reassessment of corporate true debt repayment ability amid the booming AI craze. Credit markets are often more honest than stock markets — they speak through prices.