Oracle Delays OpenAI Data Centers to 2028 Amid Shortages
Oracle pushes back completion of massive OpenAI data centers by one year to 2028, citing labor and material shortages in $300B cloud computing deal.
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Oracle Shares Plunge as AI Data Center Spending Outpaces Cloud Revenue Growth
Oracle stock drops 11% after missing revenue targets despite massive AI investments. Cloud sales lag expectations while capital spending jumps to $50B, raising investor concerns about AI profitability timeline.
Oracle's AI Debt Concerns Spread Across Tech Giants as Insurance Costs Surge
Amid concerns about AI data center spending, credit default swap prices for Oracle debt have spiked dramatically. Now, worries are spreading to Microsoft and Amazon as markets reassess hyperscaler risks.
Saudi Arabia and Microsoft Make Major AI Moves Amid Market Caution
Saudi Arabia's Humain announces multi-gigawatt data center deals with US tech giants, while Microsoft invests $5B in Anthropic. Analysts warn on hyperscaler economics.
Google Soars on Buffett's Backing and Massive Texas Data Center Plans
Google stock jumps 5% as Berkshire Hathaway reveals $5.1B stake and company announces $40B investment in Texas data centers through 2027.
AMD Predicts 35% Annual Revenue Growth Driven by Soaring AI Chip Demand
AMD forecasts 35% annual revenue growth over 3-5 years, with AI data center sales jumping 80% annually as chip demand accelerates despite market concerns.