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Oracle invokes force majeure over power delays at New Mexico data-centre project
The brief
- Oracle shares fell 5% in one report and 3% in another
- The project faces power delays, local resistance and the removal of a development partner
- Oracle may delay payment if the data centre is not operational in 2028
- California’s New, Less Powerful Reality
- New Mexico privacy trial against Facebook goes to jury, with billions in penalties at stake
Oracle’s New Mexico data centre delays
Oracle issued a force majeure notice over power delays at its Project Jupiter data centre in New Mexico, seeking protection from potential cost increases. The development raised concerns about AI infrastructure financing and weighed on Oracle Financial Services Software shares.
Friday, 25 September
Thursday, 24 September
- Oracle invokes force majeure over power delays at New Mexico data-centre project