Cramer Flags Credit Risk in Oracle’s AI Data‑Center Bet

He questions the quality of Oracle’s large backlog figures tied to OpenAI.

Overview

Insider Monkey reports that CNBC’s Jim Cramer said Oracle is borrowing heavily to fund data centers for OpenAI.
He described roughly $1.4 trillion in OpenAI spending commitments as a potential weak point, calling it the “Achilles heel” of the story.
He reiterated skepticism about Oracle’s remaining performance obligations, arguing that touted order totals near $450 billion are not cash-like and that over $300 billion is linked to OpenAI.
He connected recent pressure on Oracle shares to market attention that followed Sam Altman’s Nov. 3 podcast remarks, noting talk of credit-default swaps.
Oracle management, in a clip referenced in the coverage, said the infrastructure being built could be used by many customers over multiple years.