Oracle stock falls 5% after declaring force majeure on New Mexico data center
SumitGup · x · 2026-09-24
Oracle invoked a "force majeure" declaration on a massive data center under construction in New Mexico, reportedly to shield itself from rapidly rising project expenses. Shares of $ORCL fell about 5% on the news — a sign that surging AI infrastructure costs are starting to strain even the biggest players in the compute buildout.
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