Oracle stock plunged 5% after the company issued a force majeure notice regarding its data center project. The notice triggered fears about possible delays and higher costs. Investors are cautious, with reports indicating financial strain on Oracle's $18bn data center debt and local opposition. Project Jupiter loans are trading at 90 cents, showing financial pressures. Companies are seeking to lower costs linked to the contentious data center. The stock decline reflects broader concerns about the project's impact on Oracle's financial health.
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