Stifel maintained the company's “buy” rating after progress was made on Oracle's New Mexico Project Jupiter data center project. Mahesh Thiagarajan, vice president of infrastructure at Oracle Cloud, said the project is now 26% complete, which is 17 percentage points higher than the progress disclosed in July. However, the fuel cell microelectronics website is currently only about 10% complete, and there are still delays in air and water quality permits and gas pipeline approvals. Subsequently, the New Mexico Supreme Court unanimously rejected two legal challenges against project licensing, removed some construction barriers, air quality permit hearings could continue, and the project could resume extracting water from the Santa Teresa Well after being suspended for more than three weeks. Stifel also pointed out that the air quality hearing has yet to determine the reviewers and specific dates. Previously, Oracle's revenue and earnings per share for the first quarter of fiscal year 2027 exceeded expectations, and the cloud infrastructure business maintained rapid growth, but profit margin pressure was still the focus of market attention.

Stifel maintained the company's “buy” rating after progress was made on Oracle's New Mexico Project Jupiter data center project. Mahesh Thiagarajan, vice president of infrastructure at Oracle Cloud, said the project is now 26% complete, which is 17 percentage points higher than the progress disclosed in July. However, the fuel cell microelectronics website is currently only about 10% complete, and there are still delays in air and water quality permits and gas pipeline approvals. Subsequently, the New Mexico Supreme Court unanimously rejected two legal challenges against project licensing, removed some construction barriers, air quality permit hearings could continue, and the project could resume extracting water from the Santa Teresa Well after being suspended for more than three weeks. Stifel also pointed out that the air quality hearing has yet to determine the reviewers and specific dates. Previously, Oracle's revenue and earnings per share for the first quarter of fiscal year 2027 exceeded expectations, and the cloud infrastructure business maintained rapid growth, but profit margin pressure was still the focus of market attention.