Oracle's mega moves in the market (cpl hundred $B in market cap),due to their claim that OpenAI was doing a multi-year commit to move much of their workloads to their cloud ... likely a heavy revenue play rather than profit... with an aspiration to push as much CapEx deprecation to out years as possible (btw Oracle where is all the capex?) AKA Financial aengineering... just shows how overly leveraged this bubble has become.
The Economist recently featured a piece pointing out that it's no longer risk that drives the market but a balance of fear of loss and fear of missing out (https://www.economist.com/finance-and-economics/2025/08/06/w...). FOMO is out of control right now