At a Glance · AI-generated

Oracle issued a force majeure notice on September 24 regarding its New Mexico Stargate data center project, citing energy supply delays as the reason. The notice, sent to the facility's developer, raises concerns about the company's ability to deliver on its artificial intelligence data center commitments and triggered a decline in Oracle's stock price. The move imperils the broader Stargate AI initiative, an major infrastructure project valued at $18 billion.