Oracle Denies Delays in OpenAI Data Center Plan After Stock Declines

Oracle on Friday rejected claims that its data center buildout for OpenAI is running behind schedule, following a report suggesting that completion may slip to 2028 instead of 2027. The company’s shares fell more than 4% after Bloomberg reported potential delays due to shortages of labor and materials.

In a statement to CNBC, an Oracle spokesperson said project timelines were established jointly with OpenAI and remain unchanged. “There have been no delays to any sites required to meet our contractual commitments, and all milestones remain on track,” the spokesperson said. Oracle did not disclose when the new cloud infrastructure for OpenAI will come online.

OpenAI announced in September that its partnership with Oracle could exceed $300 billion over five years. Oracle co-CEO Clay Magouyrk recently reaffirmed the company’s positive relationship with the AI developer.

Growing Competition for AI Capacity

Oracle’s cloud infrastructure business has become one of its fastest-growing divisions, although it still trails Amazon, Microsoft, and Google in scale. OpenAI has also been engaging with other providers to meet growing AI capacity demands.

In September, Nvidia said it had signed a letter of intent to supply at least 10 gigawatts of hardware for OpenAI, with the first deployment expected in the second half of 2026. However, Nvidia noted there is “no assurance” the agreement will become final.

OpenAI is also exploring custom chip development with Broadcom. During Broadcom’s earnings call on Thursday, CEO Hock Tan said the OpenAI roadmap stretches through 2027 to 2029, adding that the company does not expect significant contributions from the partnership in 2026.