Oracle shares drop over 5% premarket after force majeure on New Mexico data center
Oracle Corporation issued a force majeure notice for its New Mexico data center project, known as Project Jupiter, on September 24. The company seeks to defer payments if the project is delayed beyond its 2028 target. The move follows local opposition and regulatory hurdles. Oracle's stock fell over 5% in pre-market trading, reflecting investor concern over operational and financial impacts.
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Oracle Force Majeure on New Mexico Data Center Hits Blue Owl, Bloom Energy Stocks
On September 24, Oracle issued a force majeure notice regarding its data center project in New Mexico, according to a report from Cailianshe. The announcement triggered a decline in the stock prices of two companies linked to the project. Blue Owl Capital, a investment firm with exposure to the data center, saw its shares fall 3% at the market open. Bloom Energy, a fuel cell energy provider likely involved in powering the facility, experienced a more severe drop of 8.6%. The force majeure clause typically allows a party to be excused from contractual obligations due to extraordinary events beyond its control, suggesting significant delays or disruptions to the data center's construction or operation.
Read sourceOracle shares fall 5.7% to lowest since August 3 after force majeure notice on New Mexico data center
Oracle Corporation's stock price dropped 5.7% on September 24, reaching its lowest level since August 3, according to a report from Chinese financial media outlet Cailianshe. The decline followed Oracle's issuance of a force majeure notice regarding its data center in New Mexico. The notice indicates that Oracle is invoking a contractual clause to excuse performance due to circumstances beyond its control, potentially affecting operations at the facility. The exact reasons for the force majeure declaration were not specified in the brief report. The stock price movement reflects investor reaction to the operational disruption at the New Mexico data center, which is part of Oracle's cloud infrastructure business.
Read sourceOracle Shares Drop Over 5% in Pre-Market After Force Majeure on New Mexico Data Center
Oracle Corporation's stock fell more than 5% in U.S. pre-market trading on September 24, according to financial news outlet Cailianshe. The decline followed the company's issuance of a force majeure declaration concerning its data center in New Mexico. The exact nature of the event triggering the force majeure clause was not specified in the report. Force majeure typically allows a party to be excused from contractual obligations due to extraordinary circumstances beyond its control, such as natural disasters or severe infrastructure disruptions. The announcement suggests potential delays or interruptions in operations at the New Mexico facility, which is part of Oracle's cloud infrastructure expansion. The market reaction reflects investor concern over the operational impact and potential financial consequences of the disruption.
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Oracle Invokes Force Majeure to Avoid Costs on Disputed New Mexico Data Center Project
Oracle (ORCL.N) is attempting to avoid significant costs associated with a large data center project under construction in New Mexico, according to a report from Jin10 on September 24. The project, known as 'Project Jupiter,' has faced opposition and regulatory hurdles. Sources say Oracle has notified a subsidiary of developer Blue Owl Capital, invoking a force majeure clause. The company is not seeking to exit its role as the primary tenant but aims to delay payments if the project is delayed and fails to go online as scheduled in 2028. This move introduces new uncertainty to the already troubled project.
Read sourceOracle Shares Fall 2.8% in Pre-Market After Force Majeure Notice for New Mexico Data Center
Oracle Corporation's stock dropped 2.8% in pre-market trading after the company issued a force majeure notice regarding its data center in New Mexico. The notice indicates that Oracle is invoking a contractual clause to excuse performance due to circumstances beyond its control at that facility. The specific cause of the disruption was not detailed in the report. The stock decline reflects investor concern over potential operational or financial impacts from the data center issue. The source, tradealpha, is a domestic financial news outlet.
Read sourceOracle Issues Force Majeure Notice for New Mexico Data Center Project Jupiter
Oracle has issued a force majeure notice regarding its large-scale data center project in New Mexico, known as Project Jupiter, according to a report from tradealpha on September 24. The move is an attempt by the company to avoid incurring additional expenses on the project, which has already encountered local opposition and regulatory obstacles. Citing an anonymous source familiar with the matter, the report states that Oracle is not seeking to withdraw as the project's primary tenant. Instead, the company aims to defer related payments while the project faces delays that prevent it from coming online as originally planned by 2028. The force majeure notice adds a new layer of complexity to an already challenged development.
Read sourceOracle Shares Fall 2.8% Pre-Market After Force Majeure Declaration for New Mexico Data Center
Oracle Corporation's shares dropped 2.8% in U.S. pre-market trading on September 24, according to a report from Chinese financial media outlet Cailianshe. The decline followed the company's issuance of a force majeure declaration concerning its data center in New Mexico. The declaration typically indicates that unforeseen circumstances beyond the company's control have prevented it from fulfilling contractual obligations. The specific reasons for the force majeure declaration were not detailed in the report. The stock movement reflects investor reaction to the operational disruption at the facility.
Read sourceOracle Issues Force Majeure Notice for New Mexico Data Center, Seeks Payment Delay
According to a report from Chinese financial media outlet Cailianshe on September 24, Oracle has issued a force majeure notice regarding its data center project in New Mexico. The notice indicates that if the project faces delays, Oracle is attempting to postpone payments. The brief report does not specify the reasons for the force majeure declaration or the nature of the potential delays. The development suggests contractual or operational challenges at the facility, which is part of Oracle's broader cloud infrastructure expansion. No further details on the project's status, the counterparties involved, or the timeline were provided in the source item.
Read sourceOracle Issues Force Majeure Notice for New Mexico Data Center
Market sources report that Oracle Corporation (ORCL.N) has issued a force majeure notice concerning its data center in New Mexico. The notice, which typically cites unforeseen events beyond the company's control, may affect operations or contractual obligations at the facility. The specific reasons for the force majeure declaration were not disclosed in the brief report. This development could impact Oracle's cloud and data center services in the region, though the company has not yet provided official comment or details on the scope of the disruption.
Oracle shares fall over 5% premarket after force majeure on New Mexico data center
Oracle Corporation's American depositary receipts fell more than 5% in premarket trading on September 24, 2026, following the company's declaration of force majeure regarding its data center in New Mexico. The announcement, reported by financial news outlet Cailianshe and republished by East Money, indicates that Oracle has invoked a legal clause to excuse itself from contractual obligations due to unforeseen circumstances at the facility. The specific nature of the event triggering the force majeure declaration was not detailed in the report. The stock decline reflects investor concern over potential operational disruptions or financial liabilities stemming from the data center issue. The article, sourced from Cailianshe and carried by East Money's company news section, provides no further context on the duration or impact of the force majeure.
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