Oracle shares slid 6.5% after reports suggested that some Oracle-built data centers for OpenAI may see launch timelines pushed from 2027 to 2028. The reports raised concerns about execution risks tied to large-scale AI infrastructure projects amid rising demand for computing capacity.
Oracle responded by stating that all data center projects are proceeding according to plan and that no facilities are experiencing delays. The company emphasized that its commitments to OpenAI remain unchanged and that construction and deployment schedules are intact.
The conflicting messages added volatility to Oracle’s stock, reflecting investor sensitivity to AI-related capital spending and infrastructure timelines. Oracle’s cloud and data center expansion is a key pillar of its long-term growth strategy as demand for AI workloads continues to accelerate.