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Wajeeh Khan

ORCL Stock Sinks as Oracle Issues Force Majeure Notice About New Mexico Data Center

Oracle ORCL New Mexico Environment

Oracle (ORCL) stock is inching down on Sept. 24 after the artificial intelligence (AI) giant issued a force majeure notice regarding delays at its major New Mexico data center facility. As the news triggered fresh supply chain and capacity execution concerns, ORCL crashed below its 50-day moving average (MA), indicating bears are attempting to take back control of the near term.

Oracle shares have been under immense pressure in recent months, now down roughly 45% versus their June high.

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One subscription that gives you access to news from hundreds of sites

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