Oracle stock falls on more debt to fund AI chip buying, OpenAI revenue disclosure

What happened: Oracle (ORCL) stock fell 5% Thursday after OpenAI disclosed softer revenue and the Wall Street Journal reported Oracle and other tech firms are preparing to tap debt markets to fund AI infrastructure. Oracle is in talks with Apollo (APO) and Goldman Sachs (GS) on financing. Key numbers: ORCL down 5% Thursday and nearly 30% this year. Why it matters: The reported financing structure would have investors fund a separate company that buys chips Oracle leases, letting Oracle avoid borrowing more itself. Broadcom (AVGO) and SpaceX (SPCX) were also named as pursuing similar deals. Market: +2.9% by next close ($118.67 on Oct 9), -22.0% YTD Coverage: 3 outlets in 24h

Oracle (ORCL) stock fell 5% Thursday after OpenAI disclosed softer revenue and the Wall Street Journal reported Oracle and other tech firms are preparing to tap debt markets to fund AI infrastructure. Oracle is in talks with Apollo (APO) and Goldman Sachs (GS) on financing.

The reported financing structure would have investors fund a separate company that buys chips Oracle leases, letting Oracle avoid borrowing more itself. Broadcom (AVGO) and SpaceX (SPCX) were also named as pursuing similar deals. Market: +2.9% by next close ($118.67 on Oct 9), -22.0% YTD