Oracle shares fell 3.48% to $139.53 after Oracle sent Stack Infrastructure a force majeure notice over Project Jupiter, a data center in New Mexico. The article calls it a move to avoid upfront payment for an idle site amid opposition and permit delays.
Oracle traded 56.2 million shares, about 68% above its three-month average of 33.4 million. The article also says its credit-default swaps reached a record high as the market viewed the notice as a worrying signal.
The article lists local regulations, public opposition, power generation and bureaucratic steps as broader obstacles to data-center construction. It says investors were awaiting Oracle's December earnings.
