Sema Modi joining us with a statement from the company. Sema, >> uh, Kelly, we were just talking about [music] the story. Oracle spokesperson is refuting the Bloomberg story that Oracle is delaying some of the data centers it is developing for OpenAI. Uh, the spokesperson telling CNBC, "There have been no delays to any sites required to meet our contractual commitments and on and all milestones remain on track. We remain fully aligned with Open AI and confident in our ability to execute against both our con ...

As tech companies push the stock market to record highs, fears of an AI bubble continue to simmer on Wall Street, where even a slight earnings miss threatens to upend high-flying stocks. On Thursday, Oracle was the latest company to experience this first-hand.Oracle shares closed down nearly 11% on Thursday after the company announced revenue that fell short of Wall Street estimates. That wiped nearly $70 billion off the company's market value in a matter of hours.The tech-heavy Nasdaq was the only major in ...

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