Oracle shares slide 2.58% after report OpenAI may delay IPO until 2027

Oracle (ORCL) shares fell 2.58% on June 26 after The New York Times reported that OpenAI is considering postponing its IPO to 2027. The report heightened investor concerns that Oracle’s heavy buildout of AI infrastructure tied to OpenAI could take longer to pay off, while increasing debt pressure and uncertainty around when revenue is recognized. Even with a “Strong Buy” Wall Street consensus rating, near-term sentiment toward the stock weakened, and the shares are down more than 40% from their year-to-date high.