Oracle Shares Drop 6.5% on Reports of OpenAI Data Center Delays
Oracle shares fell 6.5% after reports claimed some OpenAI data centers were delayed, despite the company denying any changes to project timelines.
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Oracle shares fell 6.5% after reports claimed some OpenAI data centers were delayed, despite the company denying any changes to project timelines.
Oracle says its Oracle Cloud Infrastructure (OCI) booked revenue could top half a trillion dollars, driven by rising demand for cost-efficient AI cloud tools — its stock climbed 27%.