Why Did Oracle (ORCL) Stock Fall on Oct 8, 2026? OpenAI Revenue Report and Trucked Gas

Oracle stock fell 5.48% on Thursday, October 8, 2026, closing at $135.69, after two reports about its artificial-intelligence build-out reached the MoveSurge news feed 21 seconds apart. At 12:43:21 ET came a report that Oracle is considering trucking natural gas to its Project Jupiter data center in New Mexico, and at 12:43:42 ET the Financial Times report that OpenAI's annualized revenue was about $50 billion, roughly $20 billion below figures investors had been circulating.

Oracle traded at $140.37 just before the first headline, at $137.60 a minute later, down 1.97%, and at $135.62 ten minutes later, down 3.38%; after fourteen minutes it was at $135.07, 3.78% lower. With the two headlines so close together the move cannot be split between them. CoreWeave, another OpenAI supplier with no part in Oracle's gas plans, fell 7.77% on the day.

Why the OpenAI figure matters to Oracle

OpenAI's revenue pays for the computing capacity it has contracted, and Oracle signed a five-year, $300 billion cloud contract with OpenAI in 2025 that begins in 2027. The FT figure was lower because OpenAI reports annualized revenue without the sales its cloud partners make, while the numbers in circulation had been adjusted to match Anthropic, which counts them. Our report on the OpenAI revenue figure and the moves in other AI stocks has the full comparison.

Project Jupiter's power problem

Project Jupiter is a campus of about 2.5 gigawatts in Doña Ana County, New Mexico. The Green Chile pipeline meant to supply its gas has been delayed to February 1, 2027, and on September 24 Oracle sent a force majeure notice over the power-supply risk to Stack Infrastructure, the Blue Owl Capital unit developing the site, while saying Jupiter remained on its planned schedule. The plan reported on October 8 would let early stages of the campus run on compressed natural gas delivered by truck before the pipeline is in service. Oracle already uses trucked gas at projects in Utah and Texas, supplied by Certarus and VoltaGrid, and it costs roughly four times as much as gas delivered by pipeline.

The backlog behind the build-out

On September 10 Oracle reported fiscal first-quarter revenue up 30% at $19.3 billion, with cloud infrastructure revenue up 121% at $7.4 billion. Remaining performance obligations, the contracted revenue Oracle has yet to recognize, rose $209 billion from a year earlier to $664 billion, $26 billion more than three months before, and the company said it booked more than $30 billion of additional AI cloud contracts in the quarter.

Recent Oracle developments

1. October 8, 2026: reports that Oracle is weighing trucked natural gas for Project Jupiter and that OpenAI's annualized revenue is about $50 billion; the stock closed down 5.48%.
2. September 24, 2026: Oracle sends a force majeure notice over power supply at Project Jupiter to Stack Infrastructure.
3. September 10, 2026: fiscal first-quarter results, with remaining performance obligations of $664 billion and cloud infrastructure revenue up 121%.
4. August 2026: a regulatory filing shows the Green Chile gas pipeline for Project Jupiter delayed to February 1, 2027.
5. August 13, 2026: Oracle and Amazon Web Services expand their agreement to move customers onto Oracle AI Database@AWS, with Exadata Database Service on Exascale Infrastructure generally available in 22 AWS regions.