Oracle's Project Jupiter in New Mexico is delayed due to local opposition, reflecting a broader trend where up to $200 billion in data center projects are blocked or postponed. This slowdown threatens the AI infrastructure boom, as data centers are crucial for AI growth, with investments expected to reach $10 trillion in three years. Oracle's financial struggles highlight industry risks, including unused capacity and mounting debt, causing its stock to drop 55% in a year. The situation signals potential wider instability for AI-related data center investments.
Oracle's stock price at USD 139.30 is currently closer to its 52-week low of USD 114.99 than its high of USD 313.00, reflecting significant investor caution as of Sep 25, 2026 20:31 WIB. The stock's 1-day change is a slight decline of 0.16%, with a market cap of $421.93 billion on Pluang. Investor sentiment shows more selling pressure with 64% of orders being sell versus 36% buy, indicating ongoing concerns about Oracle's financial health and project delays.
Oracle issued a force majeure notice for its New Mexico data center project, causing its stock to drop over 5% pre-market and close down 3.47%. The company says the notice is a precaution and Project Jupiter remains on schedule. Despite concerns over...
Oracle Japan's shares surged over 7% after reporting record fiscal first-quarter sales and profits, driven by a 31.7% rise in cloud revenue. Net sales rose 13% year-on-year to 74.86 billion yen, with net profit up 23.2%. The company plans to expand i...
Oracle has issued a force majeure notice to delay payments on the Project Jupiter datacenter in New Mexico if the facility is delayed beyond 2028. This project is part of a larger AI infrastructure effort involving Oracle, OpenAI, and SoftBank, with ...
Bloom Energy's biggest deployment, a 2.45 GW fuel cell project at Oracle's Project Jupiter data center in New Mexico, is delayed due to a natural gas pipeline setback pushed from August 2026 to February 2027. This delay threatens Bloom's revenue targ...
Oracle issued a force majeure notice on its $165 billion Project Jupiter data center in New Mexico due to permit denial and financing challenges, causing its debt to trade below par and shares to drop about 4%. The project, critical for Oracle's AI i...
