A $500 million package of AI data center loans, reportedly from Dutch bank ING, went up for auction, causing a sharp selloff in related stocks like Oracle and CoreWeave. The auction includes loans tied to private data center firms and a $25 million loan linked to a Stargate site involving Oracle, which recently issued a force majeure notice there. The sale tests lender appetite amid rising financing costs and credit concerns in the AI infrastructure sector. Bids close November 19, and strong or weak results could signal the market's view on credit risk in this space.
CoreWeave shares surged nearly 10% to USD 48.01 on Pluang as of Nov 06, 2026 20:02 WIB, showing strong investor interest despite the auction of $500 million in AI data center loans. Oracle also gained 3.37%, trading at USD 118.94 with a market cap of $359.04 billion. This price action contrasts with the reported selloff in related stocks, highlighting mixed market reactions to credit risks in AI infrastructure financing.
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