By Nauman Khan
Publication Date: 2025-12-17 16:51:00
This article first appeared on GuruFocus.
oracle (NYSE:ORCL) shares fell about 5% on Wednesday after reports emerged that Blue Owl Capital would not fund a $10 billion data center project tied to OpenAI.
The cloud giant said The project in Saline Township, Michigan remains “on schedule” but confirmed that Blue Owl is no longer involved in financing discussions.
The planned facility, which will provide 1 gigawatt of capacity for AI operations, is part of Oracle’s long-term expansion of its cloud infrastructure. With $248 billion in leasing and cloud capacity commitments over the next 15 to 19 years, investors have raised questions about the company’s ability to finance large-scale projects.
Despite the decline, analysts note that Oracle’s efforts to secure computing resources for AI remain a strategic priority.
The stock has been volatile this month due to broader pressures in the technology sector and increasing investor attention to off-balance sheet deals.
