Economic Times Oracle stock down again nearly 5% today as new report claims Blue Owl exits $10 billion Michigan data center deal - ORCL to decline further?
Oracle Stock Crash: Oracle stock slid after reports said Blue Owl exited a $10 billion data centre plan. The 1 gigawatt project would support AI workloads linked to OpenAI. Oracle denied the claim, saying another equity partner was selected. Investors remain focused on rising debt and aggressive AI infrastructure spending. Lease commitments total $248 billion, while recent debt exceeded $124 billion.