Changes in US stocks | Oracle (ORCL.US) fell 2% before the market and $10 billion AI data center financing suffered a setback

The Zhitong Finance App learned that on Wednesday, Oracle (ORCL.US) fell 2% before the market to $184.80. According to reports, three people familiar with the matter revealed that Blue Owl has previously been in talks with lenders and Oracle to invest in a data center with a planned capacity of 1 gigawatt in Saline Township, Michigan. The facility is aimed at serving OpenAI. However, as negotiations come to a standstill, Blue Owl's original plan to arrange financing of up to $10 billion and make large equity investments will not be able to move forward. Oracle later responded that equity transactions related to the Michigan data center are still progressing according to plan.

The current financing turmoil directly revealed the increasingly tight funding chain of Oracle's AI infrastructure strategy. The company's large-scale spending and aggressive debt financing practices in recent months have alerted the market. As a result, its stock price fell by more than 40% from the September high, fell nearly 15% in the past month, and bonds were sold off.