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.
Timeline
Friday, 25 September
- Oracle Financial Services shares set for their worst week in 20 months; Here's what is concerning the street
Oracle Financial Services shares fell 3.2% to ₹10,572 on Friday, after touching ₹10,332
- Oracle issues force majeure notice over New Mexico data-centre project; OFSS shares fall
OFSS shares fell 4% in one report and over 5% in another
- Oracle-Blue Owl data-centre delay raises concerns over AI financing
Oracle moved to protect itself against potential delays at a New Mexico data-centre project
Thursday, 24 September
- Oracle invokes force majeure over power delays at New Mexico data-centre project
Oracle shares fell 5% in one report and 3% in another
- Oracle invokes force majeure over New Mexico data-centre project
Oracle sent a force majeure notice over potential cost increases on a New Mexico data-centre project
