US Stock Market Moves: Oracle Plunges on October 8 Due to Power Supply Delays, Chip Financing, and AI Pullback

Oracle October 8 Sharp Drop Analysis

Keywords: Power supply delay, chip financing, AI correction

1. On October 9, 2026, Oracle considered trucking in natural gas as a substitute for delayed pipeline supply to power its New Mexico data center, reflecting uncertainty in project energy support and construction progress.

2. From October 7 to 8, 2026, Oracle was reported to be in talks with Apollo and Goldman Sachs to finance the procurement of AI chips through an independent entity; as of August 2026, the company's total debt had risen to about $169.1 billion, with quarterly capital expenditures around $28.5 billion, leading to a reassessment of financing and cash flow pressures.

3. Between October 8 and 9, 2026, the US AI sector saw a correction. Meanwhile, OpenAI's annualized revenue was approximately $5 billion, lower than the previously disclosed $7 billion, diminishing expectations for AI infrastructure demand and putting pressure on Oracle's share price.

(Disclaimer: This content is a summary generated by AI technology from publicly available information, for reference only and does not constitute investment advice.)