Oracle Declares Unusual Force Majeure at New Mexico AI Data Center

โดย Bloomberg·US·Read original
Summary · why it matters

Oracle is considering declaring force majeure on an AI data center project being built in New Mexico, according to a Bloomberg report. The project's developer is a unit of Blue Owl, a firm at the center of concerns over the private credit boom, and both Oracle and Blue Owl shares traded lower on the news. Oracle is not seeking to exit its role as the main tenant, but is trying to delay payments if the project is derailed and does not come online in 2028, in an effort to reduce its own financial liability and exposure. The force majeure reasoning cited is opposition and regulatory setbacks, which hosts noted is not a traditional force majeure declaration, since such clauses typically cover war, earthquakes, severe weather, or other acts of God outside a party's control. The hosts said it remains unclear from the report exactly what rationale underlies the declaration, and questioned whether regulatory setbacks could have been foreseen, a question courts may have to wrestle with.

Impact on assets 2

Cloud & Digital Infrastructure▼ · 1 stocks
Oracle Corporation
ORCL
▼ NegativeRegulationrelevance

Oracle is considering declaring force majeure on its New Mexico AI data center, citing regulatory setbacks and opposition, to delay payments and reduce its financial exposure.

Financials▼ · 1 stocks
Blue Owl Capital Inc
OWL
▼ NegativeRegulationrelevance

Blue Owl's unit is the developer of the New Mexico AI data center project facing Oracle's potential force majeure declaration over regulatory setbacks.

Theme Impact 5

Related news

▼5impact 4

Oracle Issues Force Majeure Notice on 2.45-Gigawatt Project Jupiter Site

Oracle has issued a force majeure notice for its 2.45-gigawatt site in Doña Ana County, New Mexico, named Project Jupiter, according to a Bloomberg report. The site is tied to the Stargate initiative with OpenAI and SoftBank, with OpenAI as the customer, and the notice was reportedly sent to the project's developer, private credit player Blue Owl Capital, as an attempt to delay payments if Project Jupiter fails to go online in 2028. Oracle vice president Michael Egbert said in a statement to Yahoo Finance that Project Jupiter remains on its planned schedule and that force majeure notices are commonplace in developments of this scale and do not by themselves establish a project delay or change delivery expectations. Oracle stock fell 4% on the news in Thursday's trading, and the development sent shares of Nvidia, AMD, and Micron lower. KeyBanc analyst Jackson Ader said Oracle is in the most tenuous cash position of all the major hyperscalers and that these types of issues might spread, though Oracle feels it more acutely than its larger, more cash-rich peers.
ORCL ▼OBDC ▼
Cloud & Digital Infrastructure ▼Artificial Intelligence ▼
Yahoo Finance·56mRead more →
▲

UBS Initiates Coverage on Five AI Data Center Stocks With Buy Ratings

UBS analyst Ryan Gravett initiated coverage of five AI data center colocation stocks with bullish ratings, citing rapid growth potential as artificial intelligence adoption accelerates and computing capacity remains constrained. In a September 22, 2026 research note, Gravett said these companies' legacy cryptomining operations have provided favorable grid access, already translating into approximately 5 gigawatts of leased capacity representing roughly $125 billion in contracted revenues. The analyst forecasts average annual EBITDA growth of approximately 80% across the coverage group from 2027 to 2029, about 10% above consensus estimates for 2029, and sees an average upside potential of 36% across the five stocks despite recent share price declines of around 45% from recent highs. The five names are Hut 8 Corp with a Buy rating and $143 price target implying 45% upside, Terawulf Inc with a Buy rating and $24 price target for 41% upside, Applied Digital Corp with a Buy rating and $38 price target for 35% upside, Core Scientific Inc with a Buy rating and $24 price target for 33% upside, and Cipher Mining Inc with a Buy rating and $23 price target for 25% upside.
APLD ▲CIFR ▲CORZ ▲HUT ▲WULF ▲
Artificial Intelligence ▲Cloud & Digital Infrastructure ▲
Investing.com·1hRead more →
▲

Camus Energy Joins AI Energy Management Alliance as Launch Partner

Camus Energy has joined the newly formed AI Energy Management Alliance as a launch partner, alongside technology industry leaders including Google and NVIDIA. The alliance is a first-of-its-kind coalition dedicated to advancing flexible AI data centers that dynamically adjust their power draw to provide relief during periods of peak grid stress. Camus will help guide AEMA's mission to align data center expansion with grid reliability through flexible interconnection and intelligent energy management, and will help shape technical standards, market definitions, and public policy for integrating large-scale data center loads into the grid. The company's FlexConnect software enables data centers to connect to the grid up to five years faster using flexible operating limits and existing infrastructure, bypassing multiyear grid expansion plans and customer rate increases. Camus Energy provides grid management and orchestration software to major hyperscalers and U.S. utility partners that reach seven million utility customers, and was founded and led by distributed computing experts from Google and Amazon.
AMZNGOOGNVDA
Smart City / Autonomous Infrastructure ▲Artificial Intelligence ▲Energy Transition & Power Demand
GlobeNewswire·2hRead more →
© 2026 MarketDXNews