Oracle stories

Sep 24, 2026

Oracle sends force majeure notice on New Mexico Stargate data center

Oracle issued a force majeure notice to the developer of Project Jupiter, a Stargate data center campus in New Mexico, seeking to protect itself from potential cost increases. The company's stock fell 4% following the news.

Sep 24, 20264 sources

Sep 11, 2026

Larry Ellison cancels plan to sell $7.5 billion in Oracle stock

Oracle founder Larry Ellison scrapped plans to sell up to 50 million shares worth $7.5 billion, one day after the company disclosed the divestment plan.

Sep 11, 20263 sources

Oracle increases layoffs plan by $700 million amid data center cash crunch

Oracle expanded the scale of its planned job cuts while grappling with a cash crunch tied to development of large-scale data centers for AI work, despite reporting 120% cloud infrastructure revenue growth.

Sep 11, 20262 sources

Jul 23, 2026

Oracle signs 10-year Pentagon software contract worth up to $7 billion

The Pentagon signed a 10-year software contract with Oracle worth up to $7 billion, marking a major government technology deal.

Jul 23, 20261 source

Jul 12, 2026

S&P Global Downgrades Oracle Credit Rating to BBB- Over OpenAI Dependency Risk

S&P Global downgraded Oracle's credit rating to BBB-, one notch above junk status, citing OpenAI's concentration risk as the AI company accounts for roughly half of Oracle's $638 billion in contractual obligations.

Jul 12, 20261 source

Apr 7, 2026

Uber Expands AWS Contract to Run More Services on Amazon's AI Chips

Uber expanded its Amazon Web Services contract to run more ride-sharing features on Amazon's custom AI chips, moving away from Oracle and Google infrastructure.

Apr 7, 20261 source

Apr 6, 2026

Iran Threatens OpenAI's Stargate Data Center in Abu Dhabi with Missile Strikes

Iran's Islamic Revolutionary Guard Corps published a video threatening OpenAI's planned Abu Dhabi Stargate data center with missile strikes as tensions escalate between the U.S. and Iran.

Apr 6, 20262 sources

Top claims

▪Concerns have risen over Oracle's $18 billion in debt tied to the data center project known as Project Jupiter, which is reportedly trading at stressed levels
▪Oracle secured $18 billion in loans from multiple banks for Project Jupiter, a New Mexico data center project, in 2025
▪Oracle co-CEO Clay Magouyrk stated on a September 10, 2026 earnings call that Project Jupiter, a New Mexico data center project, would not affect Oracle's previously stated fiscal year 2027 revenue or earnings guidance

Topics

Data center construction Compute, chips & AI infrastructure AI Data Center Gold Rush Stargate Corporate governance Corporate restructuring Cloud Computing AI labor & economic disruption Enterprise software Pentagon OpenAI AI startups AI business models Business & enterprise AI AI security

Related entities

Larry Ellison Google Google Cloud Platform Abu Dhabi United Arab Emirates Iran United States