What Happened? Shares of enterprise software giant Oracle (NYSE:ORCL) fell 3.4% in the afternoon session after news broke that the company sent a "force majeure" notice to the developer of its New Mexico data center project to protect itself from higher expenses, according to CNBC. As initially reported by Bloomberg, the software giant is looking to delay payments on the campus, dubbed Project Jupiter, if the facility fails to come online as expected in 2028. The developer receiving the notice is a unit of Blue Owl Capital, which also saw its shares decline in response to the friction, according to CNBC reporting.
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