ORACLE (ORCL.US) is taking measures to avoid incurring substantial costs related to a large data center being built in New Mexico. The company issued a force majeure notice to an affiliate of project developer BLUE OWL CAPITAL (OWL.US), requesting deferred payments if the data center fails to commence operations as scheduled in 2028.

The data center is facing regulatory hurdles due to local opposition. An Oracle spokesperson said force majeure notices are common in development projects of this scale and are typically used to preserve contractual rights. The notice itself does not constitute a project delay nor does it alter delivery expectations.

Overnight (24th), shares of ORACLE (ORCL.US) dived 3.5% to USD139.54, while BLUE OWL CAPITAL (OWL.US) also slid 3.6% to USD9.25.
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AASTOCKS Financial News
Website: www.aastocks.com

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