Oracle has postponed delivery of a portion of its data centers for OpenAI until 2028. Shares fell 6%

Cloud capacity provider and software developer Oracle has pushed back the completion date for part of the data centers it is building for OpenAI (creator of ChatGPT) from 2027 to 2028, Bloomberg reported, citing sources.

According to the agency's interlocutors, the delays are mainly due to a shortage of labor and materials.

Oracle and OpenAI are bound by a multi-year contract totaling $300 billion, under which the former supplies the latter with the computing power needed to train and run OpenAI models. Even with the delays, the timing of the projects in the U.S. remains ambitious, given that these sites are expected to become some of the largest in the world, Bloomberg notes.

Oracle and OpenAI declined to comment to the agency.

Oracle shares accelerated their decline after the Bloomberg report: at the low for the day, they were losing about 6.5%.

Oracle's papers are now worth 13% more than they were at the start of 2025. But over the last three months they have fallen in price by more than a third. Investors are concerned about Oracle's reliance on contracts with OpenAI and the risks that the ChatGPT maker won't be able to fulfill its commitments, Yahoo Finance wrote. Oracle's reporting for the second quarter of its fiscal year failed to dispel those concerns.

So far, most analysts are advising buying Oracle shares: they have 27 Buy ratings and six Overweight ratings versus 11 Hold (a "hold" recommendation) and two Sell ("sell"), MarketWatch shows. The average target price of $299.66 is nearly 51% higher than the last close. That said, several analysts lowered their targets after the report.

This article was AI-translated and verified by a human editor