Shares of Oracle (ORCL) are down about 2% at $185 after FT reported that Blue Owl won’t back Oracle’s $10B data center in Michigan after negotiations stalled amid concerns over Oracle’s rising debt and AI spending. Some of the other OpenAI ecosystem names are also modestly lower on the report, with CoreWeave (CRWV) down 0.9% in premarket and Nvidia (NVDA) down 0.4%.
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