Oracle Corporation

The most-stretched hyperscaler. Capex-to-sales ratio of 86% in 2026 — historically unprecedented. Bond spreads widest in the cohort. CDS demand elevated. Score is high (cascade fit) but resilience is the LOWEST in the universe. The platform's job is to flag this as the canary — Oracle is the most likely place a credit event starts.

Oracle's $200bn capex programme depends on chip availability. Taiwan event triggers AI capex pause regardless of credit conditions. Compound exposure.