$ORCL stock dumped -5% after declaring "force majeure" on their massive New Mexico data center build.
Translation: costs spiraling out of control, Oracle pulling the emergency brake to avoid eating the losses.
Another reminder that AI infrastructure hype ≠ execution. Watch for ripple effects on cloud/AI plays if capex reality checks keep coming.
Translation: costs spiraling out of control, Oracle pulling the emergency brake to avoid eating the losses.
Another reminder that AI infrastructure hype ≠ execution. Watch for ripple effects on cloud/AI plays if capex reality checks keep coming.
