U.S. Stock Market Movement | New Mexico Data Center Issues "Force Majeure" Notice, Oracle (ORCL.US) Drops 5%

According to Zhitong Finance APP, on Thursday, Oracle (ORCL.US) opened sharply lower, and as of press time, the share price had fallen about 5%, with a market capitalization of $415.2 billion. In terms of news, Oracle has issued a force majeure notice regarding its New Mexico data center. If the project is delayed, Oracle is seeking to defer payments to avoid incurring additional expenses on the large-scale New Mexico data center project, which has already faced opposition and regulatory hurdles. This move further increases the project's complexity. According to informed sources, Oracle is not trying to exit its status as the primary tenant of the project, but rather hopes to defer related payments if the Project Jupiter project is blocked and cannot go online as originally planned in 2028.