Shares of Oracle Corporation (NYSE: ORCL) slipped about 1% late Friday after a report revealed that Oracle and OpenAI have abandoned plans to expand their artificial intelligence data center in Abilene, Texas.

Earlier in the session, Oracle’s stock had been up as much as 3%, but the gains faded after the news surfaced. The shares briefly turned negative before stabilizing near the close.

According to Bloomberg, the two companies decided to halt expansion discussions after prolonged negotiations over financing and shifts in OpenAI’s infrastructure needs. The stalled project has now opened the door for Meta Platforms (NASDAQ: META) to potentially step in and lease the planned expansion site from developer Crusoe.

The report also noted that Nvidia (NASDAQ: NVDA), a leading supplier of AI chips, has been involved in facilitating conversations between Meta and the developer. Nvidia reportedly paid a $150 million deposit to Crusoe and has been working to attract Meta as a tenant for the expanded facility.

The 1,000-acre Abilene campus, currently under development by Crusoe, is part of the Stargate AI infrastructure project, which was announced at the White House alongside President Donald Trump. While portions of the site are already operational, Oracle and OpenAI ultimately decided not to proceed with leasing the additional expansion space.

Both companies continue to use Nvidia’s AI semiconductors at the existing Stargate facility. With Crusoe now searching for a new tenant, Nvidia has taken a more active role to help ensure its chips power the expanded data center rather than those from competitor Advanced Micro Devices (NASDAQ: AMD).

Investors are now watching closely to see whether a new tenant will take over the expansion and how the shift could affect Oracle’s role in the growing AI infrastructure market.