Oracle shares drop on report it sent 'force majeure' notice about data center project

Oracle Corporation sent a force majeure notice regarding Project Jupiter, its data center construction initiative, according to a report. The notice indicates Oracle is seeking to delay payment obligations if the project fails to launch as scheduled in 2028. Oracle shares declined following the report's publication. Force majeure clauses typically allow parties to suspend contractual obligations due to unforeseen circumstances beyond their control.

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