OpenAI‘s aggressive cloud and compute commitments are sending shockwaves through public markets, hammering key partners Oracle Corp. (NYSE:ORCL), Microsoft Corp. (NASDAQ:MSFT), and Broadcom Inc. (NASDAQ:AVGO) as investors reassess the risks of AI at any cost.
Oracle Takes The Biggest Hit
Oracle has been the lightning rod for OpenAI‑related fears, with its shares tumbling roughly 40% from late October highs as concerns mount over debt‑financed AI data centers and heavy exposure to OpenAI workloads.
The company has raised tens of billions of dollars to fund capacity and touted its role in training OpenAI models, but what was once seen as a transformative growth engine is now being questioned as potentially unsustainable.
“Maybe Oracle stock got way ahead of fundamentals and now the market’s saying, alright, show me,” Eric Diton of Wealth Alliance, told Bloomberg, capturing the new skepticism around the AI build‑out.