Oracle's New Mexico Data Center Project Faces Air Permit Delay
The permitting process for Oracle's 'Project Jupiter' data center in New Mexico has been delayed following a decision by Yucca to relinquish its right to a permit ruling.
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The permitting process for Oracle's 'Project Jupiter' data center in New Mexico has been delayed following a decision by Yucca to relinquish its right to a permit ruling.
Four sectors are higher and seven are lower in Thursday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Oracle shares declined 1.95% on November 4, 2026, following reports of a canceled $7 billion chip-leasing deal with Tencent. Despite the setback, Oracle's decline was modest compared to other data center stocks affected by election results. The company completed a $20 billion funding round and committed to limiting additional capital raises through fiscal 2030, positioning it better than smaller cloud competitors.
The article compares Accenture and Oracle as enterprise technology investments. Accenture offers consulting services with strong free cash flow ($11.6B) and low debt (0.3x debt-to-equity), guiding for modest 3-6% growth. Oracle shows dramatic cloud infrastructure growth (121% YoY) with $664B in contracted backlog, but faces heavy capital expenditures ($28.5B quarterly) resulting in negative free cash flow and elevated debt (3.0x debt-to-equity). The author recommends Accenture as the steadier choice for patient investors, while acknowledging Oracle's higher growth potential if its massive data center investments pay off.
Chubu Electric Power Grid has deployed 10 million smart meters using Oracle's upgraded utility management platform.
CoreWeave and other data center stocks are trading lower Wednesday after Democrats won control of Congress in the midterm elections.