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Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower

Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower AI-related stocks are sliding late in the New York cash session after Bloomberg News reported that Oracle and OpenAI have scrapped plans to expand the Stargate AI data center in Abilene, Texas, from about 1.2 GW to 2.0 GW. Sources said the expansion was canceled after talks stalled over financing issues and OpenAI's changing demand forecasts. However, the collapse of the Oracle-OpenAI plans has opened the door for Meta, which is now in talks to lease the...
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Feb 15, 2026 / Tyler Durden
Fetterman Reveals His Parents Are Trump Supporters, Refuses To Call MAGA Voters 'Nazis'
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Jun 1, 2026 / Tyler Durden
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Jun 12, 2026 / Tyler Durden
CJ Hopkins: How I Learned To Stop Worrying And Love The New Normal Reich
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