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 infrastructure ambitions, was set to go live in 2028 but now faces delays. Despite strong Q1 FY2027 cloud revenue growth and a large AI contract backlog, Oracle's free cash flow is deeply negative, raising concerns about funding the buildout. Investors are advised to hold shares while awaiting clearer resolution on Project Jupiter and cash flow improvements in upcoming quarters.
Oracle's shares are trading at USD 136.60 on Pluang as of Sep 24, 2026 21:31 WIB, down 5.50% in one day. The stock's market cap stands at $437.11 billion, reflecting its significant scale despite recent project setbacks. Pluang order activity shows a strong sell sentiment at 84%, indicating cautious investor mood around Oracle currently.
Oracle's stock fell nearly 6% after the company issued a force majeure notice regarding its New Mexico data center, Project Jupiter. The notice aims to protect Oracle from higher costs and delay payments if the facility, part of a major AI infrastruc...
Oracle's stock fell 6% to $136.73, diverging sharply from the broader cloud sector which remained stable. This decline reflects company-specific issues rather than sector-wide weakness, as peers like Snowflake and CoreWeave showed minimal movement. D...
Oracle announced enhancements to its Digital Assets Data Nexus platform, enabling banks to integrate digital money transactions with traditional payment systems using ISO 20022 messaging. The platform supports AI-enabled risk analysis, smart contract...
Oracle announced its new Oracle Health Oncology EHR, an AI-driven electronic health record system designed specifically for cancer care. This solution integrates oncology-specific workflows, clinical intelligence from diverse data sources, and connec...
Oracle Health announced new AI capabilities in its revenue cycle management portfolio to help U.S. healthcare organizations reduce reimbursement issues early in the patient and payment process. These AI tools will automate and connect workflows acros...
