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George Noble: Oracle shares shorted at $189.97 as $38B in debt raised

George Noble: Oracle shares shorted at $189.97 as $38B in debt raised
Oracle shorted at $189.97 on debt surge

In a recent statement, George Noble said Oracle was shorted at $189.97 after the company sought to borrow $38 billion for its data centers and the cost of insuring its debt was climbing. Noble added that by last December, Oracle's stock had lost its entire AI-related gain and these developments led to his short position.

Earlier this year, Noble highlighted declines in CoreWeave, Astera Labs and Oracle shares after his February comments on tech and AI stocks, according to a prior report. He has also voiced a bearish stance on SPCX and TSLA, calling Elon Musk the biggest loser in recent elections in a separate update published previously. The recent Oracle short follows a series of public short calls from Noble across major technology names.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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