Data center stocks can get on track if OpenAI raises money, Jim Cramer says

Core Viewpoint - The data center sector is under pressure, and OpenAI needs to raise significant funds to pay Oracle, which could impact the entire data center market [1][2]. Group 1: OpenAI's Financial Needs - OpenAI is required to raise a substantial amount of money, specifically $200 billion at a trillion-dollar valuation, to meet its obligations to Oracle and support its data center operations [3][4]. - The urgency for OpenAI to secure funding is emphasized, as failure to do so could lead to a downturn in the data center sector [1][4]. Group 2: Oracle's Position - Oracle has raised $18 billion in its September bond sale, marking one of the largest debt issuances in the tech industry, which has raised concerns among investors regarding its financial stability [2]. - The partnership between OpenAI and Oracle involves a commitment of over $300 billion, highlighting the significant financial ties between the two companies [2]. Group 3: Market Implications - If OpenAI successfully raises the necessary funds, it could lead to continued infrastructure spending by other hyperscalers, potentially boosting data center stocks [3][4]. - The overall sentiment in the market remains cautious, with the tech-heavy Nasdaq Composite showing a slight gain of 1.31%, but the sector has faced scrutiny due to hyperscalers' infrastructure spending [1].