Why Oracle's force majeure notice is freaking out AI bulls

Oracle (ORCL) has placed bets across the AI ecosystem, and a new complication could pose problems for the industry. The tech beast has issued a force majeure notice for its 2.45-gigawatt site in Doña Ana County, N.M., named Project Jupiter, according to a Bloomberg report. The site is tied to the Stargate initiative with OpenAI (OPAI.PVT) and SoftBank (SFTBY), with OpenAI as the customer. The notice, reportedly sent to the project's developer, private credit player Blue Owl Capital (OWL), is an attempt to delay payments if Project Jupiter fails to go online in 2028. "Project Jupiter remains on our planned schedule.