Oracle Japan shares rise as Project Jupiter concerns ease; Bloom rebounds

  • Oracle Japan shares gained 7.7% after record fiscal first-quarter results, while Bloom Energy rebounded as Project Jupiter commitments were reaffirmed.
  • Oracle Japan cloud revenue rose 31.7% to about 25.14 billion yen, and Bloom shares reached $288.77, up 8% in afternoon trading and 232% year to date.
  • Oracle said Project Jupiter remained on schedule, but permits for its natural-gas pipeline and fuel-cell installation remained pending.

Oracle Japan shares rose 7.7% to about 9,847 yen after reporting record fiscal first-quarter results, diverging from declines in Oracle Corp shares, while Bloom Energy shares rebounded after Oracle, Blue Owl Capital and Bloom reaffirmed their commitments to Project Jupiter. Oracle Japan revenue increased 13% year over year to 74.86 billion yen, cloud revenue rose 31.7% to about 25.14 billion yen, operating profit climbed 22.7% to 25.92 billion yen and net income increased 23.2% to 18.25 billion yen. Bloom shares rose between 7.29% and 8% during the reported session, reaching $288.77 in afternoon trading, after Oracle said the New Mexico data-center project remained on schedule despite issuing a force majeure notice to STACK Infrastructure. Blue Owl said financial obligations were unchanged, and Bloom said Oracle remained committed to its agreement to deliver 2.4 gigawatts of fuel-cell capacity. The project still faces permitting and construction risks, including delays affecting a natural-gas pipeline and a pending air-quality permit for the fuel-cell installation.

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