Oracle Faces Setback Over Data Center Deal

about 1 month ago

Nora Melinda

"And lastly, I'm looking at shares of Oracle. That's ticker OCL. This is one of the biggest laggers in the S&P 500. Shares are down just as much as about 5.9% right now. And this is after we did get a report from the Financial Times that reported that the Blue Owl Capital will not back a $10 billion deal for the software giant's next data center. Also, an Oracle spokesperson said that Blue Owl is out of the data center deal, but it still remains on schedule."

Oracle (ticker OCL) is experiencing a 5.9% decline amid negative news that Blue Owl Capital will not support its $10 billion data center deal. Although Oracle remains on schedule, the setback positions it as one of the laggards in the S&P 500, indicating potential short-term headwinds.

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