On August 18, Oracle fell 3.38% in pre-market trading to $142.00 per share, with turnover of $11.75 million, extending losses from the prior session as the market continues to digest negative developments surrounding its AI infrastructure buildout.

On the news front, Energy Transfer disclosed that the Green Chile Project natural gas pipeline — a critical facility supplying power to Oracle's Project Jupiter data center, one of the most important components of the Stargate initiative — has been delayed from August 2026 to February 2027. The delay was caused by protests from residents near public land along the pipeline route. Oracle responded that Project Jupiter remains on track and that it continues to work closely with partners.

Meanwhile, the options market on August 18 recorded a $10.42 million far-dated out-of-the-money Call sell, alongside a dual Put sell combo netting $1.68 million in premium, signaling institutional funds are capping upside while harvesting time value below. This follows consecutive sessions of heavily bearish options flow, including a $3.93 million bear put spread targeting January 2027. JPMorgan also recently cut its price target to $200 from $210, and S&P has downgraded Oracle's credit rating to BBB- amid deep negative free cash flow from AI capex.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)