Oracle sends 'force majeure' notice about data center project — stock drops 3%

• Oracle reportedly sent a "force majeure" notice to the developer of its data center project in New Mexico

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Follow your favorite stocksCREATE FREE ACCOUNTA trader works as a screen shows the logo and trading information for Oracle on the floor at the New York Stock Exchange, March 9, 2026.Brendan McDermid | Reuters

Oracle shares fell 4% on Thursday following a report that the company sent a "force majeure" notice to 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 developer Blue Owl Capital.

Oracle's New Mexico 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.

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