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Market move▼ Bearish for Oracle Financial Services Software
Oracle issues force majeure notice over New Mexico data-centre project; OFSS shares fall
The brief
- OFSS shares fell 4% in one report and over 5% in another
- Oracle cited power delays in a force majeure notice for its New Mexico data-centre project
- The notice pressured Oracle Financial Services Software shares, directly exposing OFSS investors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| OFSS | Fri, 25 Sept | −1.4% | −1.8% | 2.3× | −1.4% · Nifty +0.3% |
✓ Classifier read this as negative; OFSS fell 1.8% against the Nifty on the day it traded.
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Oracle’s New Mexico data centre delays
Oracle issued a force majeure notice over power delays at its Project Jupiter data centre in New Mexico, seeking protection from potential cost increases. The development raised concerns about AI infrastructure financing and weighed on Oracle Financial Services Software shares.
Friday, 25 September
- Oracle issues force majeure notice over New Mexico data-centre project; OFSS shares fall