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

โดย Yahoo Finance·US·Read original
Summary · why it matters

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.

Impact on assets 8

Financials▼ · 3 stocks
Blue Owl Capital Corporation
OBDC
▼ NegativeCapitalrelevance

Oracle sent a force majeure notice to developer Blue Owl Capital attempting to delay payments if Project Jupiter fails to go online in 2028.

Cloud & Digital Infrastructure▼ · 2 stocks
Oracle Corporation
ORCL
▼ NegativeCapitalrelevance

Oracle issued a force majeure notice on its 2.45-GW Project Jupiter site, raising concerns about its tenuous cash position and delaying payments.

Artificial Intelligence▲ · 2 stocks
Semiconductors▲ · 1 stocks

Theme Impact 6

Off-coverage companies 1

OpenAIPrivate± Mixed
relevance

Related news

Nebius Shares Jump 8% as BNP Paribas Exane Lifts Target to $399

Nebius Group shares climbed about 8% Thursday after BNP Paribas Exane upgraded the AI infrastructure provider to Outperform from Neutral and raised its price target to $399 from $260. Exane BNP Paribas analyst Stefan Slowinski lifted the target on Thursday, according to TipRanks data, while other analysts' recent targets span from $84 to $410. The upgrade comes as Nebius prepares another round of pricing changes for its AI cloud services: starting Oct. 1, prices for selected Nvidia GPU instances are set to increase by roughly 17% to 21%, and rates for some AMD EPYC Genoa CPU services are expected to rise about 25%, following another price increase earlier this year. The pricing moves come amid continued demand for computing capacity used to train and run AI models, and Nebius has also signed several large customer agreements while its AI cloud business posted rapid growth in the latest quarter.
AMDBNP.PANBISNVDA
Artificial Intelligence ▲Cloud & Digital Infrastructure
GuruFocus·51mRead more →
▲impact 4

Meta Unveils Palm-Sized Device for Muse AI Assistant

Meta Platforms Inc. unveiled a palm-sized, dedicated gadget for using Muse, the company's popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement. The device runs entirely on the cloud, with nothing processed on the hardware itself, and is designed to let users interact by voice rather than opening an app on a smartphone. Meta is positioning it as a persistent agent that runs 24/7, working behind the scenes on tasks such as organizing calendars, cleaning up emails and ordering goods online without constant prompting. The company has added Walmart and Best Buy as partners as it builds out an ecosystem around the device, and Meta is expected to subsidize the hardware well below Apple's Vision Pro price point. Meta's capital expenditure was 27 billion dollars in 2023 and 140 billion dollars this year, and one analyst said he expects the company to raise its 2027 capex guidance by at least 60 to 70 percent, if not higher, on the coming third-quarter earnings call, though the monetization model remains unclear beyond a planned 1 to 2 percent cut of facilitated transactions.
META ▲BBY ▲WMT ▲AAPL
Cloud & Digital Infrastructure ▲Artificial Intelligence ▲
Bloomberg·2hRead more →
▲

JPMorgan Upgrades CoreWeave to Overweight, Raises Price Target to $125

JPMorgan upgraded CoreWeave to Overweight from Neutral and raised its price target to $125 from $120, citing stronger demand and more favorable contract pricing that could lift revenue and margins above prior expectations. Analyst Samik Chatterjee said the favorable pricing backdrop for compute, combined with CoreWeave's incremental willingness to lean into short-term contracts at premium pricing, drove the firm's revenue and margin forecasts higher despite lackluster share price performance tied to investor concerns around capital intensity. JPMorgan noted that CoreWeave adjusted pricing on roughly 25% of its products in July, while competitors including Nebius have implemented frequent increases, and that short-term compute contracts elsewhere can reportedly price at nearly three times CoreWeave's longer-term agreements. Chatterjee also pointed to CoreWeave's August DDTL 5.5 financing as evidence that debt markets are becoming more comfortable with sustained GPU demand. CoreWeave shares rose in premarket trading Thursday following the upgrade.
CRWV ▲
Artificial Intelligence ▲Cloud & Digital Infrastructure ▲
GuruFocus·2hRead more →
© 2026 MarketDXNews