Is Oracle's Debt Level Getting Crazy? There's A Method To This Madness.

We know data centers are important, but is Oracle aspiring to be the AT&T of the future? No, Oracle sees the future - they're not a "software vendor" but a "token generation" vendor.

I just listened to Oracle’s latest financial statements and this company is doing some strange things. As of January of 2026 Oracle now has $364 billion in long term debt (that includes long term leases) largely to build data centers for Stargate, the AI infrastructure for OpenAI.

While Oracle’s cloud “revenues” are up 34%, the debt level went up by 44%,…