Oracle (ORCL) stock fell 5% on Thursday following OpenAI disclosing softer revenue as well as a Wall Street Journal report detailing how the enterprise cloud provider and other tech companies are preparing to tap debt markets to fund the ongoing AI infrastructure build-out. Oracle is reportedly in talks with Apollo (APO) and Goldman Sachs (GS) to arrange financing and wants a deal done as soon as this year. The deal would likely have investors fund a separate company that buys the chips, which Oracle would lease over time to avoid borrowing more money itself. (Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management.) Broadcom (AVGO) and SpaceX (SPCX) were also mentioned by WSJ as pursuing similar deals.
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