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Oracle’s Data Center Deal with OpenAI Sparks Stock Volatility

Oracle’s Data Center Deal with OpenAI Sparks Stock Volatility

Author:

Global Cryptocurrency

Published:

2025-12-20 17:40:02

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BTCCSquare news:

Oracle shares surged 7% Friday after Michigan regulators approved a utility request to power its joint data center project with OpenAI. The facility, expected to bring economic benefits to local communities, marks a strategic pivot for Oracle despite recent stock declines.

Blue Owl Capital's withdrawal from a $10 billion financing deal cast temporary uncertainty over the project. Negotiations stalled on the 1 gigawatt Michigan facility, though regulatory approvals proceeded unimpeded. DTE Energy's filing reveals the agreement includes minimum monthly charges and termination fees, with developers reportedly arranging $14 billion in debt financing.

The data center development illustrates the growing infrastructure demands of AI enterprises. Oracle's stock movement contrasted with DTE's 0.9% decline, reflecting divergent market reactions to the energy-intensive partnership.

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