The bearish tilt in options discussions reflects real concerns that go beyond typical market gyrations: Oracle trades at a close to a 60 P/E ratio, leaving very little breathing room for any other than spectacular growth Quarterly earnings growth turned negative at -1.9% YoY, a jarring reversal among concerns about margin pressure The company faces intensifying competition in AI infrastructure from all comers. Everyone from Google (Nasdaq: GOOG) to OpenAI is building out their own massive infrastructure.
