The cloud company later said the project was moving forward and "on schedule," but that Blue Owl was not part of equity talks.
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Oracle
stocks dipped about 6% on Wednesday following a report that discussions with Blue Owl Capital
on backing a $10 billion data center in Michigan had stalled, although the cloud company later disputed the report.
Blue Owl had been in talks with Oracle about funding a 1-gigawatt facility for OpenAI in Saline Township, Michigan, according to the Financial Times.
The tech giant has invested huge sums in the AI infrastructure buildout in recent times
Despite the recent pullback in artificial intelligence stocks, the Bank of America thinks "the AI trade may still have room to…
Oracle shares have been hammered in recent weeks and its credit default swaps have risen as investors question the company's…
One analyst fretted that much of Oracle's planned business expansion comes from a single client: OpenAI.
Despite the recent pullback in artificial intelligence stocks, the Bank of America thinks "the AI trade may still have room to…
Oracle has become one of the biggest beneficiaries of the AI infrastructure boom, with its shares up 75% so far in 2025.
