On September 28, Oracle declined 3.19% in pre-market trading, trading at $132.50/share, with turnover of approximately $95.5 million. The stock continues to face selling pressure amid a combination of escalating concerns over the Project Jupiter data center and founder Larry Ellison's enlarged share pledges.

Oracle previously issued a force majeure notice to developer Stack Infrastructure regarding its New Mexico data center, seeking to defer payments if the project fails to come online by 2028 as planned. The notice has rippled through credit markets, with data center-related bond spreads widening sharply and the cost of five-year default protection on Oracle debt surging to record highs. Oracle-linked data center loans totaling roughly $18 billion are reportedly trading at 89 to 91 cents on the dollar, entering stressed territory.

Compounding market unease, Ellison pledged approximately 67 million additional Oracle shares as collateral for personal loans, a 19% year-over-year increase worth about $9.2 billion. The pledges are tied in part to financing the Paramount-Skydance acquisition of Warner Bros. Discovery, a deal valued at $111 billion. Morgan Stanley noted the force majeure notice is prompting investors to reassess loan and lease contract terms across AI data center financing broadly.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)