ORCL News & Events

Oracle (ORCL) and OpenAI have scrapped plans to expand an artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs, sources told Bloomberg Brody Ford, Ed Ludlow and Dina Bass. This created an opening for Meta Platforms (META) to step in and consider leasing the planned expansion site from developer Crusoe after Nvidia (NVDA) helped facilitate Meta's discussions with the developer, the sources added.

Shares of Bloom Energy (BE) and CoreWeave (CRWV) have both moved lower in afternoon trading after Bloomberg reported that Oracle (ORCL) and OpenAI have scrapped plans to expand an artificial intelligence data center in Texas.

Mixed options sentiment in Oracle (ORCL), with shares up $2.23, or 1.44%, near $157.01. Options volume roughly in line with average with 220k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 1.27. Implied volatility (IV30) dropped 0.4 near 71.51, in the highest 10% of observations over the past year, suggesting an expected daily move of $7.07. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Oracle (ORCL) will report earnings after the close on 2026-03-10.Option markets are pricing in a 50% probability of a move greater than 10.03% or $15.74.