'Oracle On The Hook To Pay Data Centre Investors Even If Site Has No Electricity' - FT
https://www.ft.com/content/a96bf05a-a299-4d6a-a753-b298dd0f4016?syn-25a6b1a6=1
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CNN Fear & Greed improved to 36 but stayed in Fear. Dow fell, S&P edged lower, Nasdaq rose; Oracle and TD SYNNEX slid.
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Oracle stock fell 3.47% after issuing a force majeure notice for its Project Jupiter data center in New Mexico, citing construction delays and regulatory hurdles. The move signals challenges in data center development but is primarily a legal protection measure. Oracle's heavy debt load for AI infrastructure investments has raised concerns, with credit default swaps hitting record highs.
Dell Technologies is trading lower Thursday as reports of delays at Oracle’s Project Jupiter data center pressured AI infrastructure stocks.
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TD SYNNEX (SNX) stock dropped despite a Q3 earnings beat and strong Q4 outlook. Key details on revenue, EPS, and cash flow strain.
TD Synnex (NYSE:SNX) reported third-quarter financial results on Thursday. The transcript from the company's third-quarter earnings call has been provided below. This transcript is brought to you by Benzinga APIs.