Oracle Shares Drop as OpenAI Misses Targets and $50B Funding Plan Looms
Oracle shares fell 4.2% premarket as investors questioned the company’s debt risk and a $300B, five-year cloud deal tied to OpenAI. A report said OpenAI missed new-user and revenue targets, prompting Oracle leaders to worry about future payment capacity. Oracle plans to raise $50B via debt and equity for data centers, while concerns persist about off-balance-sheet project financing and potential delays.