On August 17, Oracle declined 3.24% in regular trading, trading at $145.714/share with turnover of $661 million, extending losses from the prior session as bearish pressure persisted.

On the news front, Energy Transfer disclosed that the Green Chile Project natural gas pipeline — a critical fuel supply facility for Oracle's Project Jupiter data center — has seen its expected commissioning date delayed from August 15 to February 1, 2027. Project Jupiter is one of the most significant components of Oracle's Stargate contract with OpenAI, with an investment scale of $165 billion. The delay stems from repeated rejections by the New Mexico State Land Office over pipeline routing across public land, compounded by local resident protests over environmental concerns. Energy analysts have noted that even the revised February timeline may face further slippage given regulatory hurdles at both state and federal levels.

Adding to bearish sentiment, JPMorgan recently cut Oracle's target price from $210 to $200, while options markets recorded a nearly $4 million bear put spread on the same day. S&P's prior credit downgrade to BBB- amid deeply negative free cash flow from AI infrastructure spending continues to constrain valuation recovery.

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