Tech Stocks Tumble As Blue Owl Pulls Out Of Funding Oracle Data Center

The broad equity futures markets, most notably Nasdaq, is falling the pre-market after The FT reports that Oracle’s largest data centre partner Blue Owl Capital will not back a $10bn deal for its next facility, as the software group faces increased concerns about its rising debt and artificial intelligence spending.

This sparked an immediate drop in ORCL shares..

…which knocked into the tech sector more broadly…

This could potentially be very bad news for both the data-center ecosystem within AI and ORCL itself.

Developing…