Oracle claimants in US to receive $37.42 each — The Hill

AMD stock reached a new all-time high, up 8.4% to $606.98 and 183% for 2026. OpenAI and Oracle committed to large orders of AMD's Instinct GPUs. Raymond James upgraded AMD to Strong Buy with a $641 target. Management expects immediate benefits and significant AI data center revenue from 2027.

Oracle is facing financing challenges for its $18bn data center project, 'Project Jupiter,' due to local resistance and economic concerns. The banking syndicate, including Santander and Jefferies, is struggling to offload debt securities trading at 90% of par. Oracle's credit rating was downgraded by S&P, and its debt increased by $43bn last fiscal year. Despite a 30% revenue and 57% operating profit increase in Q1 2027, CEO Larry Ellison's plan to sell $7.5bn in shares caused backlash.

Oracle's $18bn debt for a New Mexico data center (Project Jupiter) is under stress due to local opposition and concerns over the company's creditworthiness. The loans are trading at 89-91 cents on the dollar, below par. Oracle's credit rating was downgraded to BBB, near junk status. Local opposition and political uncertainty add to challenges, with Oracle's stock down over 55% year-over-year.

The Federal Reserve raised interest rates to 3.75%-4%, citing high inflation. The hike may impact AI infrastructure builders like Nvidia (NVDA), Oracle (ORCL), and Amazon (AMZN). Nvidia has strong cash flow but faces customer risks. Oracle and Amazon have high capital expenditures and debt, with Oracle's credit rating near junk status. Bank of America forecasts increased debt issuance by hyperscalers.

Oracle invested in 1.7 GW of wind energy projects in Texas, partnering with suppliers like Clearway Energy and Engie. The projects will supply power to ERCOT, supporting Oracle's goal of 100% carbon-free electricity for its AI data centers in Texas.

Oracle conducted a second mass layoff in 2026, notifying employees on September 14 with same-day termination. Affected staff lost system access before receiving emails. Severance terms include up to 26 weeks of pay, with unvested stock options canceled. The company has laid off 21,000 employees this fiscal year, raising restructuring costs by $700 million to $2.8 billion, partly due to AI adoption.