Why Oracle Stock Is Sinking Once Again
Shares of (NYSE: ORCL) are down 5.1% as of 2:31 p.m. ET today. The drop comes as the S 500 and Nasdaq Composite lost 1% and 1.5%, respectively.
Oracle has reportedly failed to secure financing from Blue Owl Capital to fund the construction of a new data center, extending a multi-day sell-off following last week's earnings.
Oracle will now have to look elsewhere to find the $10 billion it needs to fund the construction of a new data center in Michigan. Blue Owl has been a major partner in financing Oracle's artificial intelligence (AI) ambitions thus far, making the missed deal all the more concerning to investors, as it adds to the narrative that Oracle is a credit risk.
Source Fool.com
Oracle Corp. Stock
€165.68
-1.800%
With 98 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 231 € shows a positive potential of 39.43% compared to the current price of 165.68 € for Oracle Corp..
