Oracle triggers force majeure on massive ’Project Jupiter’ data center

NVIDIA reported record Q2 2027 revenue of $96.2B, up 106% YoY, driven by AI infrastructure demand. Key customers AWS, Meta, Microsoft, and OpenAI are deploying millions of NVIDIA GPUs, with AWS planning 2M additional GPUs by 2028. NVIDIA expects Q3 2027 revenue of ~$108B, highlighting ongoing AI boom.

Bloom Energy (BE) faces delays in its 2.45 GW Project Jupiter contract due to a delayed natural gas pipeline, pushing the timeline from August 2026 to February 2027. Oracle issued a force majeure notice, and project debt is trading below 90 cents on the dollar, indicating lenders expect delays. Bloom's high valuation and market cap assume smooth backlog conversion, leaving little room for error. Shares are down 8.01% in the current session.

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.