US equity indexes have surged incredibly since the emergence of AI, with many experts attributing the gains primarily to growth in AI stocks and robust earnings results. However, analyst David Desjardins is concerned that a major tech market collapse is inevitable, with Oracle likely to be the 'first domino to fall.'
Oracle shares fell 43.6% in the past year, as further pressure mounted on the stock after S&P Global downgraded the company's credit rating to BBB- last week. This rating is just above junk bond status. Desjardins believes this downgrade could be the beginning of the end for Oracle.
