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 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 fails to come online as expected in 2028, according to the report. Oracle sent the notice to developer Blue Owl Capital.