Oracle Stock Falls on Force Majeure Notice for Data Center

This article first appeared on GuruFocus. Oracle (NYSE:ORCL) fell 4.23% in premarket after Bloomberg reported that it sent a force majeure notice to the developer of Project Jupiter, a massive data center being built in New Mexico, citing people familiar with the situation. The developer is a unit of Blue Owl Capital (NYSE:OWL), and the project has already run into local opposition and regulatory setbacks. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is ORCL fairly valued? Test your thesis with our free DCF calculator.ORCL GF Value chart Oracle isn't trying to walk away as the site's main tenant, the people said.