00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Stocks fell sharply on Wednesday as investor concerns around artificial intelligence returned,
00:08according to NBC News. The move followed a Financial Times report saying Oracle's $10
00:13billion Michigan data center project was in limbo after funding talks with Blue Owl stalled.
00:18The report said Blue Owl has been the primary backer of Oracle's largest U.S. data center
00:23projects. Oracle disputed the story and confirmed Blue Owl was not involved in the funding talks.
00:28Investors were unsettled by the absence of a publicly identified funding partner.
00:33Oracle shares closed down 5.4% and are down 41% over the past three months.
00:39The decline weighed on AI-linked stocks, including Broadcom, Arm Holdings,
00:43NVIDIA, and Advanced Micro Devices. For all things money, visit Benzinga.com.
Comments