Oracle and OpenAI deal tests Wall Street appetite for data center debt

12 articles · Updated · The Wall Street Journal · Apr 24

Oracle's $300 billion megadeal with OpenAI is straining Wall Street’s willingness to finance data center expansion, especially in Texas and Wisconsin.
JPMorgan Chase and other banks have struggled for months to distribute billions in loans tied to these projects, highlighting the sector’s financing challenges.
Limited capital access, a strained electric grid, and growing public backlash are compounding risks for the multitrillion-dollar US data center boom.

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