Oracle Stock Falls
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One leading tech company, Oracle (NYSE: ORCL), recently posted earnings that appear to have sent some shockwaves throughout the AI world. Investors were taken aback by its latest results, and they could be a problem for AI stocks as a whole. Here's why.
An update on Oracle's data center plans was the latest development giving investors anxiety about the health of the AI trade on Wednesday.
Oracle stock drops 5.4% as Blue Owl Capital exits $10B data center project over debt concerns. ORCL down 50% from September peak as financing issues mount.
Oracle stock tumbled as the Financial Times reported that private lender Blue Owl Capital will not back a $10 billion deal for its next data center
Oracle Corp shares are getting hit Wednesday morning following reports that one of its partners is backing out of a massive data center deal.
Oracle's cloud segment surged 34% YoY, now its primary growth engine, while legacy software declined 3%. Learn why ORCL stock is a Buy.
Oracle faces mounting investor concerns as data center financing setbacks, rising debt, and stock decline cloud its AI ambitions.
Oracle exited the recent quarter with non-current notes payable and other borrowings (which are basically long-term debt) of $100 billion, compared to cash and cash equivalents of $19.2 billion.
Shares of Oracle fell sharply on Wednesday after a report raised fresh questions about financing for one of the company’s flagship artificial intelligence infrastructure projects.
Oracle spooks the stock market after key partner refuses to fund $10B Michigan data center project - SiliconANGLE
It hasn't been that long since Oracle was an AI darling. A lot can change in a few months.