Stock Market Today, Sept. 24: Oracle Stock Dips As it Issues Force Majeure Notice on Project Jupiter Data Center
Oracle (NYSE:ORCL), 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 volum
On September 24, Oracle's stock price dipped to $139.53, marking a 3.48% decline. The drop came after the company issued a force majeure notice regarding its Project Jupiter data center in New Mexico. Oracle's trading volume surged to 56.2 million shares, nearly double the three-month average of 33.4 million shares. The S&P 500 and Nasdaq Composite also reported slight declines, ending the day at 7,704 and 26,939, respectively.
Among competitors, Salesforce and ServiceNow showed mixed performance, with Salesforce up 0.35% to $238.40 and ServiceNow down 2.11% to $137.81. Oracle's financial situation has been strained by its investment in AI infrastructure, and its credit default swaps reached a record high as investors reacted negatively to the latest news.
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