US Stock Market Move | New Mexico data center issues sudden "force majeure" notice; Oracle Corporation (ORCL.US) falls 5%

On Thursday, Oracle Corporation (ORCL.US) opened sharply lower with a gap down. As of press time, the stock was down about 5%, with a market capitalization of $415.2 billion. On the news front, Oracle Corporation issued a force majeure notice regarding its New Mexico data center. If the project is delayed, Oracle Corporation is trying to postpone payments to avoid incurring additional expenses on the large New Mexico data center project, which has already faced opposition and regulatory obstacles, further adding to the project's complexity. People familiar with the matter said Oracle Corporation is not trying to exit its role as the project's main tenant, but rather wants to delay related payments if the Project Jupiter project is hindered and cannot go live in 2028 as originally planned.