What’s behind the move:Oracle is taking steps to limit its financial exposure to a massive data center planned for New Mexico as the project faces opposition and regulatory hurdles, according to a Bloomberg report.
Oracle is under EU scrutiny for its licensing practices, similar to issues faced by SAP, while also expanding its restructuring plan by $700 million due to rising AI data center costs. Despite 30% revenue growth in Q1, concerns about margin pressure and significant capital expenditures persist.
