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.

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Source Fool.com