Oracle Stock Drops Amid Data Center Funding Disputes and AI Concerns
TL;DR Summary
Oracle's stock fell nearly 5% after a report suggested a $10 billion data center project was in limbo due to stalled talks with Blue Owl Capital, though Oracle denied the report and stated the project is on schedule. The project aims to serve OpenAI in Michigan, amid broader concerns about Oracle's heavy investments in AI and its impact on stock performance. Despite recent declines, Oracle remains a key player in AI infrastructure, but its stock has been volatile due to fears over its large debt and investment strategies.
- Oracle Stock Falls After Report Raises Concerns About Data Center Funding Investor's Business Daily
- Oracle stock dips 5% as Blue Owl Capital pulls out of funding $10 billion data center CNBC
- US tech stocks slide as Oracle data centre setback reignites AI concerns Financial Times
- Oracle-Blue Owl Split Over Data Center Rattles Markets Banking on AI Boom Bloomberg.com
- Oracle says Michigan data center project talks on track without Blue Owl Reuters
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