Oracle force majeure notice on New Mexico AI site rattles tech stocks

September 24, 2026 at 10:03 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Oracle issued a force majeure notice for its 2.45-gigawatt Project Jupiter data center in Doña Ana County, New Mexico, tied to the Stargate initiative with OpenAI and SoftBank. The notice, sent to developer Blue Owl Capital, allows Oracle to delay payments if the site misses its 2028 online date. Oracle shares fell 4% on Thursday, dragging down Nvidia, AMD, and Micron.

Key Facts

Oracle's force majeure notice covers Project Jupiter, a 2.45-gigawatt data center site in Doña Ana County, New Mexico.
The site is part of the Stargate initiative with OpenAI and SoftBank, with OpenAI as the customer.
Oracle shares fell 4% on Thursday following the news, while Nvidia, AMD, and Micron also declined.
Oracle vice president Michael Egbert said the project remains on schedule and force-majeure notices are commonplace in developments of this scale.

Project Jupiter Notice

Oracle issued a force majeure notice for its 2.45-gigawatt Project Jupiter site in Doña Ana County, New Mexico, according to a Bloomberg report. The notice was sent to the project's developer, private credit player Blue Owl Capital, and is an attempt to delay payments if the site fails to go online in 2028. The site is tied to the Stargate initiative with OpenAI and SoftBank, with OpenAI as the customer. Oracle vice president Michael Egbert said in a statement that Project Jupiter remains on the planned schedule and that force-majeure notices are commonplace in developments of this scale.

Market Reaction

Oracle stock fell 4% on Thursday following the news. The development also 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. Ader added that payments might be due on a chronological timeline while revenue generation depends on complex real-world logistics.