PremiumDon't look now but the telltale signs of the credit crunch that hit the hyperscaler space in late 2025 and again in March 2026 after the Iran war broke out, and which sent tech name CDS surging higher putting the debt-funded Capex flood on hold, are back.Oracle stock, which has long been the poster child of overlevered AI plays, has not only erased all gains reached during the mania phase in May, down almost 50% from its June 2 highs - as in a month ago, but is back to the lowest level of 2026.