Oracle (ORCL) has pushed back the completion dates for some of the data centers it’s developing for the artificial intelligence model developer OpenAI (OPENAI) to 2028 from 2027, Bloomberg News reported,

Oracle and Broadcom, whose stock prices surged on the artificial intelligence (AI) boom, reignited concerns about an AI bubble after reporting underwhelming earnings that fell short of expectations. Oracle announced on the 10th (local time) that its revenue for September–November this year increased 14% year-on-year to $16.

Shares of Oracle plunged 14% Thursday morning and sent a shiver through the entire AI trade as investors questioned the sustainability of Big Tech’s spending.

Oracle denied on Friday a media report that it was delaying OpenAI-related data centers, following investor worries over its debt-fueled AI infrastructure buildout.

Most U.S. stocks are rising, but a drop for Oracle is holding Wall Street back as investors question whether its big spending on artificial-intelligence technology will pay off

Fed Chair Jerome Powell signaled the easing cycle may now be on hold, stressing the need to assess how the economy responds to cumulative rate cuts.

Circle and Ripple were among the crypto upstarts that received approval on applications filed with the Office of the Comptroller of the Currency. The OCC, part of the Treasury Department, regulates national banks. Write to Rob Curran at [email protected]

Oracle Corp.’s new investment-grade notes are now trading more like junk bonds, as delays on the completion dates for some data centers add to fears about profits from its artificial intelligence investments.

Oracle exited the recent quarter with non-current notes payable and other borrowings (which are basically long-term debt) of $100 billion, compared to cash and cash equivalents of $19.2 billion.

While the company beat EPS estimates and increased its AI deal pipeline, concerns over its financing strategy remain.