Oracle stock drops as the company moves to shield itself from costs linked to controversial data center

What happened: Oracle (ORCL) stock fell 6% on Thursday. What's behind the move: Oracle is taking steps to limit its financial exposure to a massive data center planned for New Mexico as the project faces opposition and regulatory hurdles, according to a Bloomberg report. The company has notified the project's developer, a unit of Blue Owl Capital (OWL), that it is invoking a force majeure provision, according to people familiar with the matter. According to the report, Oracle is seeking to delay payments if the project, dubbed Project Jupiter, is delayed and the facility does not come online in 2028 as planned. Blue Owl Capital stock fell more than 1% on Thursday morning. (ORCL ) Go deeper with AlphaSpace 137.13 -7.43 (-5.14%) As of 10:59:20 AM EDT.