Oracle Shares Drop Over Data Center Cost Concerns

Hindustan Times - Business · business

Oracle shares declined approximately 5% on Thursday following reports of a "force majeure" notice concerning its New Mexico data center project, Project Jupiter. This notice, sent to the developer, raises concerns about potential cost increases and payment delays. While Oracle stated the project remains on schedule and committed to New Mexico, investors reacted negatively to the news, especially given the project's importance for AI infrastructure expansion and existing debt concerns.