OFSS shares fall 5% after Oracle's force majeure notice on New Mexico data centre

Oracle Financial Services Software (OFSS) shares dropped over 5% following Oracle's issuance of a force majeure notice related to a large AI data centre project in New Mexico. The move triggered concerns about financing for AI infrastructure investments, pushing OFSS stock to a nine-week low of Rs 10,332 on the NSE.

The force majeure declaration raises questions about Oracle's commitment to major AI infrastructure expansion plans and their near-term financial implications for the company and its subsidiaries.