By Yahoo Finance Video
Publication Date: 2025-12-12 16:58:00
oracle (ORCL) has reportedly delayed some of its completion dates for AI data center projects for OpenAI (OPAI.PVT) by 2028, according to Bloombergwhich is dragging the cloud infrastructure stock lower and weighing on all three major indices (^DJI, ^IXIC, ^GSPC).
Hosted by Market Catalysts Julie Hyman reports on this current headline.
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00:00 Speaker A
We’d like to bring you some recent news that appears to be weighing on the major averages. It has to do with Oracle and it has to do with a report from Bloomberg that Oracle has changed the completion dates for some of the data centers it is working on, e.g. B. for Open AI, has postponed. According to this report, completion dates have been pushed back from 2027 to 2028. Why? Because of work and materials…
