Oracle shares drop on report it sent 'force majeure' notice about data center project

Oracle shares fell 4% on Thursday following a report that the company sent a "force majeure" notice tied to its New Mexico data center project to protect itself from higher expenses.

Bloomberg reported the news, citing sources familiar with the matter.

The company is looking to delay payment on the campus, dubbed Project Jupiter, if it doesn't come online as expected in 2028, according to the report.

Oracle sent the notice to the developer, which is a unit of Blue Owl Capital. The company also saw its shares fall on Thursday.

The New Mexico data center project, which is part of the broader Stargate artificial intelligence infrastructure buildout with President Donald Trump, has been riddled with setbacks and regulatory hurdles.

That includes local opposition to data centers ahead of the upcoming midterm elections and concerns from environmental groups.

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