Wall Street is losing its appetite for Oracle's data center debt

Larry Ellison stands on stage to give a keynote during the company's 2025 conference.

Robert Galbraith/Reuters

• Oracle and OpenAI's have plans to build $500 billion of data centers in a venture called Stargate.
• JPMorgan Chase has seen slower investor interest for $38 billion of debt tied to two Stargate sites.
• The pullback comes amid growing concerns about Oracle's credit rating and risk.

Oracle and OpenAI have aimed to build $500 billion of data centers by...