US EditionOracle Shares Slip On Report Of OpenAI Data Center Delays To 2028 - Oracle (NYSE:ORCL)
Oracle refutes claims of data center delays for OpenAI, confirming all contractual milestones remain on schedule despite market concerns over supply shortages.
- On Friday, Oracle Corporation denied Bloomberg's report that some OpenAI data-center completions moved to 2028 from 2027, telling Reuters there have been no delays to contractually required sites.
- Investor unease has been driven by Bloomberg said the delay was caused by shortages of labor and materials, and Oracle's cloud infrastructure sales missed Q2 estimates.
- Oracle shares fell as much as 6.5% intraday, with traders later trimming losses, and Oracle did not specify a timeline for turning on OpenAI infrastructure.
- Analysts note the sales shortfall and RPO pressure as Oracle's cloud infrastructure sales missed estimates, while traders warned that data-center completion delays could limit equipment and service sales.
- Capacity plans—including Nvidia's 10 gigawatts—highlight broader OpenAI partnerships and capacity planning, with Oracle emphasizing no delays in contract milestones.
12 Articles
12 Articles
Oracle Pushes Back On OpenAI Data Center Delay Claims
Oracle Corp. (NYSE:ORCL) stock declined Friday as markets weighed execution risks around the company’s rapidly scaling AI and cloud capacity buildout. The pullback followed a Bloomberg report that said Oracle has shifted timelines for several OpenAI data centers to 2028 from 2027, citing labor and…
Oracle confirms data center timelines with OpenAI remain on track
Oracle confirms that oracle openai data centers are progressing on schedule, with all site selection and delivery milestones being met. The post Oracle confirms data center timelines with OpenAI remain on track appeared first on Crypto Briefing.
A report cited by Bloomberg indicates that Oracle would have moved until 2028 the completion of several data centers for OpenAI, an adjustment that comes in the midst of a strong market scrutiny of the company’s capital spending and financing of expansion in artificial intelligence infrastructure. *** Bloomberg, quoted by Reuters, reported that Oracle delayed to 2028 (since 2027) the completion of some data centers for OpenAI. Following the news…
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