Oracle issued a force majeure notice to the developer of the New Mexico Jupiter Project data center—effectively leaving itself a way out in advance. If the project can’t be put into operation on schedule in 2028, the related payments can be deferred. The stock fell 3.47%, and at one point during the day it dropped more than 7%, dragging down the AI infrastructure chain in the early session. Oracle and the developer, Blue Owl, both came forward to clarify that this is only a notice to preserve contractual rights and does not mean the project is truly delayed. The multi-year financial commitments have not changed.
What’s interesting is that on the same day, Meta rose more than 4%. Clearly, money was more willing to flow toward AI applications that are more visible. At the Connect conference, Zuckerberg pulled out a palm-sized device, the Muse Charm, and highlighted 5G, saying it will be launched by the end of the year. After all these years of piling up capital expenditures for AI infrastructure, one disclaimer notice can shake the entire chain—something arguably more worth thinking about than the single company’s drop.
Meanwhile, U.S. Treasury yields are still hovering at multi-year highs, and oil prices are holding up too. Whether the Jupiter Project can actually be delivered on time now depends on the concrete progress at the construction site in New Mexico.
What’s interesting is that on the same day, Meta rose more than 4%. Clearly, money was more willing to flow toward AI applications that are more visible. At the Connect conference, Zuckerberg pulled out a palm-sized device, the Muse Charm, and highlighted 5G, saying it will be launched by the end of the year. After all these years of piling up capital expenditures for AI infrastructure, one disclaimer notice can shake the entire chain—something arguably more worth thinking about than the single company’s drop.
Meanwhile, U.S. Treasury yields are still hovering at multi-year highs, and oil prices are holding up too. Whether the Jupiter Project can actually be delivered on time now depends on the concrete progress at the construction site in New Mexico.