Oracle

Reportedly cancels a roughly $7 billion, five-year deal to rent about 100,000 AI chips to Tencent in Southeast Asia after US officials raised concerns, according to the Financial Times. Neither company has confirmed it.

Files force majeure on its 2.45GW Project Jupiter data-center campus in New Mexico after a natural gas pipeline serving the site falls behind schedule — cited as a case study in how building your own off-grid power doesn't eliminate infrastructure delay risk, it just relocates it to the gas supply chain.

Roughly $18 billion in bank loans tied to an Oracle data-center campus slide into stressed pricing as bond investors re-price the AI buildout more harshly than equity markets — the same week CoreWeave's own unsecured notes briefly yielded near 15%.

Commits roughly $300 million to absorb rising Point Beach nuclear power costs for its Wisconsin data-center campus — buying political cover and a 2050/2053 contract extension rather than adding new generation to a constrained grid.

S&P cuts Oracle's credit rating to BBB-, one notch above junk, as credit-default-swap spreads hit an 18-year high against a $664 billion cloud backlog, negative $5.4 billion free cash flow, and a completed $20 billion at-the-market equity raise.

A 10-K filing explicitly ties roughly 21,000 of a 13% workforce reduction to AI deployment, alongside $43 billion in new debt and a severance bill that jumped nearly fivefold — one of the most direct AI-layoff admissions any major tech company has made in an SEC filing.