Oracle is using or considering trucked natural gas, delivered as a 'virtual pipeline,' to power AI data centers held up by delayed pipelines and permits, at three sites including Project Jupiter in New Mexico. The trucked gas reportedly costs about four times the price at a major pipeline hub, but Oracle accepts it because missing delivery dates on large contracts could bring penalties and lost revenue exceeding the fuel bill. The New Mexico state land office twice refused rights-of-way for Jupiter's pipeline, pushing its start to February, and Oracle issued a force majeure notice to the developer, though it says the project remains on schedule for 2028. Remaining performance obligations reached $664 billion, but free cash flow was -$5 billion in the latest quarter, capex is expected at $90–95 billion this fiscal year, and total debt stands at $169.14 billion.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- US Dollar Falls Early Thursday Ahead of Busy Economic Data Schedule, Warsh
- ByteDance in Talks to Secure MediaTek AI Chips for Data Centers
ByteDance is in advanced talks to buy custom AI chips (ASICs) from MediaTek for its data centers, according to people familiar with the matter, though the volume is undisclosed. If the deal goes through, ByteDance would be MediaTek's second major ASIC customer after Google. Like Alibaba and Tencent, ByteDance is barred from Nvidia's most advanced AI chips and Huawei cannot meet all demand, so it is exploring partnerships with chip designers, a route permitted under current US export curbs as long as computing power stays below a certain threshold. ByteDance earlier this year struck a similar Qualcomm deal for millions of AI chips. MediaTek expects about $2 billion in AI chip sales this year and targets 15% of an $80 billion market next year, a push boosted by Nvidia's $3.5 billion investment in September; ByteDance had no immediate comment and MediaTek declined to comment.
- Google’s Ruth Porat says data centers need to deliver for their neighbors
In this transcript, Google’s Ruth Porat says that about 71% of Americans do not want a data center built in their community. She argues that opposition can shift when companies work with local communities and deliver concrete benefits, such as added energy capacity, energy affordability, investment to protect local resources, and jobs. She says the US has underinvested in energy and grid infrastructure for years, and demand is rising not only from data centers but also from industrial electrification and grid modernization. Her message is that projects must add capacity, protect affordability, invest in the community, manage water use and avoid noise problems.
- Japan High Bandwidth Memory (HBM) Market Share, Trends, and Growth Forecasts, 2026-2031 | AI Data Centers and HBM4 Adoption Fuel 24.05% CAGR to USD 311.53 Million
The Japan high bandwidth memory market is projected to grow from USD 84.48 million in 2025 to USD 106.07 million in 2026 and USD 311.53 million by 2031, a CAGR of 24.05% over 2026-2031. Growth is driven by AI infrastructure projects, including Microsoft's USD 10 billion investment through 2029 and GMI Cloud's USD 12 billion sovereign AI initiative, which push operators to secure memory supply earlier. HBM3E held 68.53% of the market in 2025, while HBM4E and other next-generation products are forecast to grow at a 24.98% CAGR through 2031. The report notes Japan still relies heavily on a few overseas producers for finished HBM stacks, creating risks from pricing swings, allocation limits and supply disruptions for AI data centers.
- Marvell, Microsoft and Oracle Establish OCP Working Group to Standardize Data Center Hardware Security
Marvell, Microsoft and Oracle have formed a new working group under the Open Compute Project to standardize an integrated hardware security module (HSM) for cloud and hyperscale data centers. The group will define an open specification for secure key caching and cryptographic key lifecycle management directly inside servers, which the companies say will reduce latency, improve scalability and strengthen security. Today most servers rely on network-attached HSMs or software-only key management, which exposes sensitive keys to potential attacks; the proposed design keeps keys within a NIST FIPS 140-3 Level 3 hardware boundary. An initial draft specification is targeted for release around the OCP Global Summit in October 2026, with version 1.0 to follow. The companies plan to demonstrate the technology at the summit in San Jose, California, from October 12 to 15.
Related markets
Latest news
- Meta Earnings: What To Look For From META
Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.