Oracle’s Credit Rating Drops to One Level Above Junk - Ed Zitron (Video)
“The people that Who got harmed the most are those who trusted Sam Altman the most.”
In this 17 July 2026 published video, host Isaac Pound talks with writer of Where Your Ed At and host of the Better Offline podcast Ed Zitron joins The Tech Report to talk about Oracle’s credit rating being downgraded to one level above junk and majority stakes in data center companies being offered to private equity firms.
Zitron’s core thesis is that the tech industry is caught in a massive, unsustainable financial bubble driven by artificial intelligence. He asserts that generative AI companies lose enormous sums of money because their computing costs scale linearly with their revenue. He frequently highlights that outside of hardware semiconductor firms like Nvidia, big tech companies are failing to show actual return on investment (ROI) for their massive capital expenditures. Unlike the fiber-optic cables of the dot-com bubble, Zitron argues that AI GPUs cannot easily be repurposed for other lucrative industries if the boom collapses. He regularly takes aim at executives like Sam Altman and Satya Nadella, claiming they rely on “fairy dust and dreams” to appease Wall Street rather than real product utility.
https://youtu.be/T757udwH45Q
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