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Oracle Stock Tumbles Amid Project Jupiter Concerns
Oracle's stock plummeted 3.4% on Wednesday after the company sent a force majeure notice to Blue Owl Capital, which is building its Project Jupiter data center in New Mexico.
The notice allows Oracle to delay payments if the campus doesn't open on schedule in 2028, sparking concerns about the project's timeline and financial strain.
Project Jupiter is a key part of Oracle's Stargate AI infrastructure push, but it has faced regulatory hurdles, local opposition, and environmental pressure.