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Oracle's $10 Billion Project Financing Hits Snag: Is a U.S. AI Bubble Panic on the Horizon?
18 hour ago /
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Author：小编
In mid-December, according to U.S. time, Oracle hit a major roadblock in securing funding for its $10 billion data center project in Michigan. Its long-standing partner, Blue Owl Capital, made the surprising decision to pull out its financial backing. Following this news, Oracle's stock price took a 2% hit before the market even opened, and this decline had a ripple effect, dragging down other AI-related concept stocks. Since reaching its peak in September, Oracle's stock price has seen a cumulative drop of nearly 45%. This has sparked market concerns that Oracle's hefty investments in the AI sector, coupled with its soaring debt levels, might just be the catalyst for an AI bubble burst.
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