Oracle Corp (NYSE:ORCL, XETRA:ORC) shares fell another 5% on Friday, putting it on track for a 15% loss for the week, after Bloomberg reported the company has pushed back the completion of several data centers related to its partnership with OpenAI from 2027 to 2028.
The report, which cited sources with knowledge of the projects, said the delays are attributed primarily to labor and material shortages.
Oracle reportedly said that the changes affect timelines rather than the scope of the partnership, and the company remains committed to delivering the planned infrastructure.
One site in Abilene, Texas, is said to remain on track for earlier milestones.
Oracle, a smaller player in the cloud market, entered the AI infrastructure space in earnest this year through its $300 billion agreement with OpenAI. The Oracle-OpenAI collaboration involves building significant data center capacity to support the training and operation of advanced AI models.
Shares of Oracle traded hands at $188 in the early afternoon on Friday.