Why did Oracle stock go up so much and now is going down ?

What made Oracle stock price to go up so much ? Why it is going down now ?

Oracle stock was growing fast because of optimistic forecasts for future revenues, driven mostly by:

• High demand for its AI focused cloud services (mainly from AI leaders like OpenAI)
• Increase of cloud contracts
• Growth in cloud infrastructure

But later, the price of technology stocks went down because of "the AI bubble burst".

Oracle stock is considered to be the AI bubble barometer.

When stock market is boosted by AI boom, then Oracle stock is rising.

The price of Oracle stock has dropped also because of heavy spending on AI and high debt accumulation.

Oracle's credit rating has dropped close to junk debt level.