India, Dec. 18 -- Oracle stock prices saw a sharp dip on Wednesday as Blue Owl Capital pulls out USD 10 billion investment out of Oracle's Michigan data centre project. Although, Oracle has confirmed on 17 December 2025, that its USD 10 billion data centre project in Saline Township, Michigan remains on schedule despite the withdrawal of its primary financial partner, Blue Owl Capital.

The announcement came after a report by the Financial Times that suggested the 1 gigawatt project was in limbo, causing Oracle's stock to drop 5% and wiping out billions in market value.

Blue Owl Capital, which has previously funded major Oracle sites in Texas and New Mexico decided not to pursue this equity deal. According to multiple media reports, Blue...