Oracle stock spikes 9% as strong Q3 earnings answer Wall Street AI build-out concerns

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Oracle sees AI boom through at least 2027, sending shares up 8%

Oracle on Tuesday predicted that the AI data ​center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.3% in extended trading.

Oracle is building yesterday’s data centers with tomorrow’s debt

The OpenAI deal fallout exposes the fundamental danger of being the most leveraged player in a market where the chip cycle moves faster than the concrete dries.

Could Oracle Be a Millionaire-Maker Stock?

Oracle is betting heavily on AI data centers. The company's business has become alarmingly overexposed to one major client: ...

Oracle and OpenAI drop Texas data center expansion plan, Bloomberg News reports

Oracle and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Texas after ​negotiations ...

Is Oracle Stock The New King Of Cloud Growth?

While Oracle has traditionally been viewed as a legacy database provider, its aggressive pivot toward Oracle Cloud ...
Investopedia

Oracle Is Raising Billions to Fund Its AI Buildout. Today, Investors Are Cheering

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.
blockchain

Oracle Ramps Up AI Data Center Push With $50B CapEx Plan

Oracle outlines 2026 AI infrastructure expansion across Texas, New Mexico, Wisconsin, and Michigan with commitments to local power and hiring. Oracle is doubling down on AI infrastructure with an ...
MLive

DTE accepts conditions of contracts to power OpenAI, Oracle data center south of Ann Arbor

This story has been updated with more information. SALINE TWP., MI — DTE Energy Co. has accepted all the conditions that the Michigan Public Service Commission (MPSC) outlined in its conditional ...
Bloomberg L.P.

Oracle and OpenAI Win Michigan Approval to Power New Data Center

Michigan regulators unanimously approved a request from utility DTE Energy Co. to power a massive data center development planned by Oracle and OpenAI, during a contentious hearing where some members ...
Benzinga.com

Oracle's $10 Billion OpenAI Data Center Bet Faces Fresh Doubts After Financing Partner Pulls Out — Is The Deal In Jeopardy?

Blue Owl Capital‘s (NYSE: OWL) decision to step away from financing an Oracle-backed (NYSE: ORCL) AI data center has become a fresh flashpoint for investors already on edge about the financial ...
Business Insider

Oracle's AI data-center woes are dragging the entire stock market lower

The tech sector sold off as investors took in a report that Oracle's $10B data center for OpenAI is in jeopardy. Sources told the FT that talks to build the data center have stalled due to concerns ...