Oracle shares plunge as company invokes force majeure on AI data center project

Oracle $ORCL stock declined sharply after the company triggered a force majeure clause on a major data center project due to power delays. The tech giant faces potential project delays and cost exposure, raising concerns about its ability to scale AI infrastructure amid surging demand.

This move marks a setback for Oracle's data center ambitions as competitors race to build out capacity for artificial intelligence workloads. Analysts flagged execution risks for the company's aggressive capex plans.

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