Oracle and Meta lead midday stock moves as data center, AI developments sway trading

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Oracle and Meta stock moves

Highlights

Oracle drops 4% after sending a force majeure notice on its New Mexico data center project, despite stating Project Jupiter remains on schedule.
Meta Platforms gains 3%—up 15% week-to-date—after CEO Mark Zuckerberg unveils $1,299 Meta VR Glasses and Muse Charm handheld at a company event.
Bloom Energy slides almost 6% due to investor concern over its exposure to Oracle's New Mexico project, which contracted Bloom for up to 2.45 GW of fuel cells.

Company-specific catalysts drive trading

As reported by CNBC, Charles River Laboratories rises 5% after reaffirming fiscal 2026 guidance and saying revenue and adjusted earnings per share should land at the upper end of its earlier ranges.

Nebius Group gains more than 6% after Bank of America raises its revenue expectations for 2026, 2027 and 2028 and reiterates a buy rating with a $310 price target. Analyst Tal Liani says the company uses long-duration hyperscaler contracts to create a stable utilization base while keeping some capacity for shorter contracts at higher pricing, a mix the bank says supports margin expansion.

Oracle falls 4% after news emerges that it sends a force majeure notice tied to a New Mexico data center project, a step that appears aimed at limiting exposure to higher costs. Oracle says in a statement to CNBC that Project Jupiter remains on schedule, and Bloomberg first reports the development, citing sources familiar with the matter.

Bloom Energy drops almost 6% as investors track its exposure to Oracle's New Mexico project. Oracle has contracted with Bloom Energy to deliver up to 2.45 gigawatts of fuel cells for the site, and Baird says Bloom shares have been highly correlated with the project.

Arm Holdings loses about 6% after a regulatory filing shows finance chief Jason Child sells 10,400 shares valued at about $3.1 million under a 10b5-1 plan. Meta Platforms climbs 3%, extending its week-to-date gain to 15%, after chief executive Mark Zuckerberg introduces the company's $1,299 Meta VR Glasses and Muse Charm handheld device late Wednesday.

GoDaddy adds roughly 3% after the Financial Times reports that Gen Digital makes a takeover offer for the domain registrar, while Gen Digital shares fall 8%. Knife River rises almost 3% after the Wall Street Journal reports that activist investor Starboard Value acquires a substantial equity stake and wants the company to improve margins or consider a sale.

Everpure surges 18% after positive takeaways from its financial analyst meeting and preliminary 2028 guidance that tops analyst expectations. The company projects fiscal 2028 revenue of $7 billion to $7.3 billion, above the $6.19 billion expected by analysts polled by FactSet, while its non-GAAP operating income outlook also comes in ahead of forecasts.

Sector pressure and broader market implications

Semiconductor shares are broadly lower in Thursday trading, weighing on the sector beyond single-stock news. The VanEck Semiconductor ETF is down more than 1%, with Nvidia and Broadcom each off more than 1%.

Darden Restaurants slips almost 2% after reporting fiscal first-quarter results that meet earnings estimates but come in slightly light on revenue. The Olive Garden and LongHorn Steakhouse parent posts earnings of $2.05 per share, in line with expectations, while revenue of $3.20 billion trails the $3.21 billion consensus, even as it reaffirms full-year guidance.

MGM Resorts International tumbles 10% after Barry Diller's People withdraws its proposal to buy the casino operator. Diller says the mix is not coming together in the way the group had hoped, though he also says he remains confident in the company and still holds 66.8 million shares.

Gold miners move lower alongside bullion futures, which earlier touch $4,285.0, their lowest level since Sept. 16. Kinross Gold falls 12%, while Newmont and Iamgold decline 2.7% and almost 4%, showing how commodity price swings continue to pressure mining shares.

Our earlier coverage of Oracle’s Project Jupiter in New Mexico explained how the company moved to limit its financial exposure as the data center faces regulatory delays and local opposition. We noted that Oracle issued a force majeure notice aimed at deferring payments if the project slips past its planned 2028 start, underscoring how contract clauses are increasingly used to manage cost and timeline risk in large data center builds.

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