Oracle ORCL stock is taking a hit in pre-market trading! The main reason? Its 2.45GW data center in New Mexico is facing a shutdown due to force majeure. Oracle is trying to exit the project, meaning it won’t be able to go live as planned in 2028! This also drags down my BE . They had signed an early-stage fuel cell power supply agreement with Oracle for a total capacity of 2.8GW. Now that the data center is scrapped, the power demand is gone too! Let’s hope this is just an isolated case for AI data centers in the U.S. If this becomes widespread, it’s really going to be a major letdown! No wonder AI has been rising fast and dropping just as quickly lately—it feels like confidence is still lacking! This post is sponsored by @binancezh: 'Binance for U.S. Stocks: Global assets, zero time lag, all at your fingertips!'