A view of Oracle headquarters in Redwood Shores, California.
Justin Sullivan | Getty Images
Anxiety that investors have around them oracle The impact on the project was felt as the stock price fell nearly 50% from its all-time high on September 10th.
Asset management firm Blue Owl Capital reportedly pulled out of Oracle’s $10 billion data center project due to unfavorable debt terms, amid growing concerns about the tech giant’s high debt levels, according to the Financial Times.
This latest development has fueled concerns that Oracle will delay completion of OpenAI’s data center, a report first flagged by Bloomberg on Friday, which the cloud company denies.
Oracle stock fell 5.4% on Wednesday, taking its loss since the beginning of the month to more than 11%. They focused on related names such as: broadcom Nvidia and advanced micro device.
As a result, major US indexes fell. of S&P500 1.16% retreat; Dow Jones Industrial Average While the decline was 0.47%. Nasdaq Composite It was its worst day in almost a month, falling 1.81%.
Despite the recent decline in artificial intelligence stocks, Bank of America believes that “AI trading may still have room to continue into 2026,” but with the important caveat that just because stocks are rising doesn’t mean a bubble isn’t forming.
“In our view, these developments support our hypothesis that a larger AI bubble will continue to build,” Bank of America analysts wrote.
As always, the challenge is pinpointing the exact moment before the bubble bursts – if that’s even possible.
—CNBC’s Jaures Yip contributed to this report.
What you need to know today
And finally…
Illumination projection commemorating the 75th anniversary of the Schumann Declaration on the Grossmarkthalle building of the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025.
Alex Kraus/Bloomberg via Getty Images
1 cut in 3 holds? European central banks will soon make final decisions for 2025
Europe’s four central banks will announce their monetary policy and macroeconomic outlooks on Thursday, as investors prepare for the final interest rate decisions of 2025.
The European Central Bank, Bank of England, Riksbank and Norges Bank are all meeting, but only one of them is expected to change interest rates.
— Holly Ellyatt and Annette Weisbach
