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Oracle (ORCL) Pushes Back on Report of OpenAI Data Center Delay

Oracle Corporation (NYSE:ORCL) is included among the 15 Best Blue-Chip Stocks with Growing Dividends.

Oracle Corporation (NYSE:ORCL) pushed back on December 12 against a report claiming it would finish building data centers for OpenAI in 2028 rather than 2027. The report, published by Bloomberg, said the delay was tied to labor and materials shortages and cited unnamed sources.

The market did not take the news lightly. Oracle shares fell more than 4% on Friday, December 12, following the report.

RBC Capital responded by reiterating its Sector Perform rating and $250 price target on Oracle Corporation (NYSE:ORCL). The firm noted that the company denied the Bloomberg claims in comments to Reuters and said RBC had confirmed that position directly with management. According to the analyst, Oracle said it remains aligned with OpenAI and confident in its ability to meet both existing contractual obligations and longer-term expansion plans.

An Oracle spokesperson said in an email to CNBC.

“Site selection and delivery timelines were established in close coordination with OpenAI following execution of the agreement and were jointly agreed upon. There have been no delays to any sites required to meet our contractual commitments, and all milestones remain on track.”

An Oracle spokesperson did not offer a specific timeline for when additional cloud infrastructure for OpenAI would be brought online. The issue comes into sharper focus given the scale of the relationship. In September, OpenAI disclosed a partnership with Oracle valued at more than $300 billion over the next five years.

Oracle Corporation (NYSE:ORCL) is a major provider of enterprise software, database technology, and cloud computing services, with large-scale customers playing an increasingly central role in its growth story.

While we acknowledge the potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ORCL and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Best Stocks to Buy for the Long Term and11 Best Low Priced Dividend Stocks to Buy According to Analysts.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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