Stock Market Today, Sept. 24: Oracle Stock Dips As it Issues Force Majeure Notice on Project Jupiter Data Center
Oracle stock fell 3.5% after the company issued a force majeure notice regarding its Project Jupiter data center in New Mexico. The move is viewed as a legal strategy to manage construction costs amid broader headwinds in the data center industry.
Why it matters
It highlights the growing financial and logistical pressures on major tech companies as they race to build massive AI-ready infrastructure.
Expand NYSE : ORCL Oracle Premium Feature Moneyball Superscore 73 /100 Today's Change ( -3.47 %) $ -5.02 Current Price $ 139.54 Key Data Points Market Cap $422B Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $ 133.48 - $ 140.34 52wk Range $ 114.50 - $ 322.54 Volume 298.5K Avg Vol 33.3M Gross Margin 61.93% Dividend Yield 1.43% Oracle ( ORCL -3.47% ) , an enterprise cloud software and AI infrastructure provider, closed at $139.53, down 3.48%. Oracle fell after reports said it sent a force majeure notice tied to its New Mexico Project Jupiter data center, while investors await December earnings. Trading volume reached 56.2M shares, coming in about 68% above its three-month average of 33.4M shares.
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