Oracle shares fell another 5%, dragging the Nasdaq down about 1.8%, after investors reacted to fresh signs of financial strain including stalled financing for a planned $10 billion, 1‑gigawatt data centre in Saline Township, Michigan.The sell‑off followed Oracle’s decision to raise AI spending for the year from $35 billion to $50 billion and a September disclosure of an eye‑catching $300 billion OpenAI order book amid a deteriorating cash profile that included roughly $10 billion of negative cash flow, $18 billion of bonds issued and total debt near $120 billion.Reports that Blue Owl Capital declined to fund the Michigan project renewed scrutiny, though Oracle said Related Digital selected another equity partner and spokesperson Michael Egbert said the project is "moving forward" and remains "on schedule," while Blackstone is in talks to replace Blue Owl and co‑founder Larry Ellison — who briefly became the world’s richest person after the September surge — has seen his wealth retreat as the stock fell.