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Oracle Denies OpenAI Data Center Delays as Shares Slide

Oracle Denies OpenAI Data Center Delays as Shares Slide

Author:

Global Cryptocurrency

Published:

2025-12-12 22:51:02

18

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BTCCSquare news:

Oracle Corp. pushed back against reports of delays in its OpenAI data center rollout, insisting all contractual milestones remain on track. Shares closed down 4.47% at $189.97 amid investor concerns about AI infrastructure timelines.

The company acknowledged broader industry pressures around labor and material constraints but emphasized its cloud division's progress stays aligned with commitments. Oracle's cloud revenue growth increasingly hinges on meeting AI-driven compute demands.

Meanwhile, OpenAI continues expanding chip partnerships to address soaring demand. The market reaction highlights mounting scrutiny of cloud providers' ability to deliver hyperscale infrastructure amid the AI boom.

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