Economic TimesLean R·
OFSS shares tumble 5% after Oracle sends 'force majeure' notice for data centre project. Are AI worries coming true?
The shares of Oracle Financial Services Software (OFSS) tumbled more than 5% on Friday after its US-based parent Oracle sent a 'force majeure' notice to developer Blue Owl to protect itself from potential delays at a massive data centre project in New Mexico, triggering worries through the trillion-dollar market for AI infrastructure financing.OFSS shares tumbled more than 5% to trade at Rs 10,332 apiece on NSE, marking the lowest level seen by the stock in more than nine weeks since July 23. I…
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