Oracle Stock Slides After Company Issued ‘Force Majeure’ Notice For Major Data Center Project

Name: Oracle Stock Slides After Company Issued ‘Force Majeure’ Notice For Major Data Center Project
Uploaded: 2026-09-24T20:31:38.000Z
Duration: 3 min 7 s
Description: Oracle's stock price dropped after the company issued a 'force majeure' notice to the developer of a major data center project in New Mexico. This legal maneuver aims to protect Oracle from financial obligations if the project encounters issues. The move has led to significant stock market losses for Oracle.

News Clip3:07Forbes Breaking News·NM·9/24/2026

Oracle's stock price dropped after the company issued a 'force majeure' notice to the developer of a major data center project in New Mexico. This legal maneuver aims to protect Oracle from financial obligations if the project encounters issues. The move has led to significant stock market losses for Oracle.

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Oracle

Oracle’s stock price plummeted over 4% on Thursday, erasing billions in value after Bloomberg first reported the company sent a “force majeure” notice to the developer of a massive data center in New Mexico, a legal move to attempt to shield itself from having to make payments should the project fail.

READ MORE: https://www.forbes.com/sites/zacharyfolk/2026/09/24/oracle-stock-slides-after-company-issued-force-majeure-notice-for-major-data-center-project/

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