After the data center report was released, Oracle's stock price rose slightly amid a weak technology sector.

LootboxPhobia · 2026-04-08T01:17:04+00:00

Oracle Corp stock price rose slightly but remains affected by the sluggish tech sector. Bloomberg reports that Pacific Investment Management Company is in talks with Bank of America to provide approximately $14 billion in financing for Oracle's large data center project in Michigan, indicating ongoing interest in AI infrastructure demand.

LootboxPhobia

2026-04-08 01:17:04

Abstract generation in progress

Investing.com – Oracle Corp (NYSE:ORCL) shares rose during Thursday’s trading session, but remained in negative territory amid overall weakness in the technology sector. Earlier, Bloomberg reported that Pacific Investment Management Company (Pimco) is in talks to provide financing for a large data center project.

Bloomberg reported that Pimco is discussing with Bank of America roughly $14 billion in debt financing to support a large data center for Oracle in Michigan. According to people familiar with the matter, the bond giant will become a major backer for the project at the Sarrin Township park; Oracle plans to provide application support for OpenAI at the park.

People familiar with the matter said the financing could take the form of bonds, and Pimco may distribute part of the bonds to other investors.

According to reports, negotiations with Pimco are still in the early stages. The company’s involvement represents new progress in ongoing efforts to secure financing for the project, which has drawn significant attention from Wall Street and the local community.

With continued growth in demand for AI infrastructure, this potential deal will test investors’ interest in financing large-scale data centers.

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