Oracle stock sinks as reported AI data center snag puts rising debt in focus

Oracle (ORCL) stock fell nearly 5% Wednesday after the Financial Times reported that private lender Blue Owl Capital (OWL) will not back a $10 billion deal for its next data center as the software company draws investor scrutiny over its use of debt to fund spending on AI computing capacity. Blue Owl, which is Oracle's biggest data center partner, had been in discussions with lenders and Oracle for the deal to invest in a massive facility in Michigan, but negotiations stalled, according to the FT. That h ...