D.A. Davidson's Luria reacts to delays in some Oracle data centers for OpenAI

Group 1 - The discussion highlights concerns regarding the capital availability for companies like OpenAI and Coreweave to support their compute capacity needs [2][5] - Oracle is nearing its borrowing limit and is at the lower end of investment grade, which restricts its ability to raise capital [4][5] - Major players in the industry, such as Microsoft, Amazon, and Google, possess the necessary cash flow to build out data centers essential for AI delivery, contrasting with the challenges faced by smaller companies [6] Group 2 - There are delays reported by Coreweave in their data center operations, attributed to weather and issues with Core Scientific [1] - The credit markets are becoming increasingly relevant as companies like OpenAI and Coreweave struggle to secure funding [3] - The ability of Oracle to return to the market for capital in 2026 will be a critical factor for its financial health [4]