Oracle stock down again nearly 5% today as new report claims Blue Owl exits $10 billion Michigan data center deal - ORCL to decline further?

The pullback raised fresh questions about how Oracle plans to finance its rapidly expanding AI and cloud infrastructure, just as investor scrutiny over debt levels intensifies. Shares of Oracle fell about 5% in late trading after reports claimed Blue Owl Capital, Oracle’s largest US data centre partner, would not back a planned $10 billion facility in Michigan. The project, designed as a 1-gigawatt campus in Saline Township, is expected to support high-performance computing workloads, including capacity li ...