Oracle Shares Slide As It Seeks Delay Protection On Project Jupiter

Published by

Anjali Belgaumkar

September 24, 2026

Oracle has issued a force majeure notice over Project Jupiter, its massive 1,400-acre AI data center in New Mexico designed to run 2.5 gigawatts of Bloom Energy fuel cells for Oracle Cloud workloads tied to OpenAI’s Stargate buildout. The company isn’t walking away from the project, but is seeking protection from delay penalties after New Mexico regulators repeatedly blocked key natural gas permits, with local and environmental groups raising concerns over the site’s energy use and emissions. The news rattled markets fast. Oracle shares fell as much as 5.4% premarket before settling around a 3% drop, while Bloom Energy slid 5 to 6% as investors grew uneasy over project timelines.

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