Oracle denies report on OpenAI data center delays [BNN Bloomberg (Canada)]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: BNN Bloomberg
Bloomberg News had earlier in the day reported that Oracle had pushed back the completion dates for some data centers it is developing for OpenAI to 2028, a year later than planned, due to labor and material shortages. “There have been no delays to any sites required to meet our contractual commitments, and all milestones remain on track,” Oracle spokesperson Michael Egbert told Reuters in an emailed statement. “We remain fully aligned with OpenAI and confident in our ability to execute against both our contractual commitments and future expansion plans,” Egbert added. Shares of Oracle, which had fallen 3.6 per cent following the report, pared some losses to be down by 2.8 per cent in afternoon trading. Other AI-related shares also tumbled, with chip giant Nvidia, Advanced Micro Devices, Micron and Arm Holdings down between two per cent and 4.5 per cent. The Bloomberg report came a day after Oracle logged its biggest stock drop since late January, following earnings that show
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