Oracle shares declined following a Bloomberg report on December 14, 2025. The report suggested potential delays in completing some AI data centers intended for OpenAI.
Oracle officially denied the report, stating all project goals and contractual commitments remain on schedule. Despite the denial, the stock remained lower as investors focused on the potential implications of any delays in converting the substantial cloud backlog into revenue.
This news follows the company’s second-quarter earnings report. Although Oracle beat expectations, the report included weaker-than-forecast guidance. Furthermore, the company announced significantly higher planned capital expenditures for AI infrastructure, which had already caused initial stock declines.