Oracle just had its worst week since the dot-com bust. Your AI vendor's balance sheet is now your risk.

Oracle stock just crashed 19% in five days.

Worst week since August 2001. The dot-com bust.

Not because revenue fell. Revenue is up 17%.

Because Oracle borrowed $130 billion to build AI data centers for OpenAI. And the market just decided it might not get paid back.

Here's what happened:
- Capex surged 162% to $55.7 billion in one year
- Free cash flow: negative $24 billion
- Plans to raise another $40 billion in debt and equity for fiscal 2027
- Stock down 55% from its $900 billion peak in September

Oracle is betting its entire company on being the infrastructure layer for AI. It cut 21,000 jobs — 13% of its workforce — to fund the buildout. It told the SEC in writing that AI is replacing its workers.

And now the market is asking: what if the AI customers don't show up?

This isn't just an Oracle problem. Every enterprise vendor making massive AI infrastructure bets is making the same gamble. Your cloud provider's debt is your migration risk. Your platform vendor's cash burn is your continuity risk.

Audit your vendor dependencies today. If your critical systems run on a company burning $24 billion in cash to chase AI infrastructure, you need a fallback plan before your board asks why you don't have one.