Oracle Invokes 'Force Majeure' Over New Mexico Data Center Project: Bloomberg Report

Oracle's stock fell 6.5% Thursday due to delays in its $165B 'Project Jupiter' data center in New Mexico. The project faces power supply risks as Energy Transfer's gas pipeline construction is delayed, pushing completion to 2028. Oracle invoked force majeure to avoid penalties. The setback highlights supply chain risks in AI infrastructure projects, according to the article.

Oracle's shares dropped 5% in pre-market trading after invoking force majeure on a $1.5B AI data center project in New Mexico, citing potential delays. The move aims to protect Oracle from financial exposure, not abandon the project. Project Jupiter is part of Oracle's AI infrastructure expansion and faces construction, regulatory, and financing challenges. Investors question the project's timeline, cost, and potential returns.

Oracle (NYSE:ORCL) invoked force majeure on its $165B Project Jupiter data center due to a denied energy permit and debt financing issues. The company's shares slid 4% in premarket trading. Oracle reported $664B in remaining performance obligations but burned $23.7B in free cash flow last fiscal year. Bloom Energy (NYSE:BE) and Blue Owl Capital (NYSE:OWL) were also affected by the project's distress.

Oracle shares fell over 5% after Bloomberg reported it invoked force majeure on a data centre project. Oracle claims the project is on schedule, while Blue Owl Capital acknowledges the notice but maintains financial commitments. Project Jupiter, part of the Stargate AI initiative, faces regulatory and local opposition challenges.

Oracle Corp (NYSE:ORCL) shares dropped 6% to $135 after invoking 'force majeure' for its New Mexico data center project, Project Jupiter, due to potential delays. The project, part of the AI infrastructure initiative Stargate, faces regulatory and local opposition. Oracle seeks to delay payments if the 2028 completion date is missed, according to Bloomberg and Yahoo Finance.

Oracle (ORCL) shares dropped 7% after invoking a 'force majeure' clause for its $165B New Mexico AI data center, Project Jupiter, citing potential delays. The company seeks to defer payments but not exit the project, which faces regulatory and community challenges. ORCL stock hit its lowest level since early August.