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Oracle shares fell 5% on Thursday following news that the company sent a “force majeure” notice tied to its New Mexico data center project to protect itself from higher expenses.
“Project Jupiter remains on our planned schedule,” an Oracle said in a statement to CNBC. “We are fully committed to New Mexico and confident in our path forward.”
Bloomberg was first to report the news, citing sources familiar with the matter.
The company is looking to delay payment on the campus, dubbed Project Jupiter, if it doesn’t come online as expected in 2028, according to the $OR L
