Oracle cites ‘force majeure’ to shield itself on controversial data center, Bloomberg News reports
24/09/2026 13:42
Oracle cites ‘force majeure’ to shield itself on controversial data center, Bloomberg News reports Sept 24 (Reuters) - Oracle ORCL.N is seeking to protect itself from potential cost increases related to a large data center project in New Mexico by sending a "force majeure" notice to the developer, Bloomberg News reported on Thursday, citing sources familiar with the matter.
Shares of the company fell nearly 5% in premarket trading after the report. Reuters could not independently verify it.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Devika Syamnath)
((Jaspreet.Singh@thomsonreuters.com; on X @i_jass;))
Recent news on Oracle
See all newsROI-Five AI quirks and conundrums to watch this earnings season: McGeever
ROI-Five AI quirks and conundrums to watch this earnings season: McGeever
Brief: Oracle Introduces Claw-Powered Fusion Agentic Applications For Hr
Brief: Ltm Launches Blueverse™ Valuemesh™ To Help Enterprises Scale Ai Across Oracle Transformations
Brief: Oracle Ai Agent Studio For Industry Applications Helps Accelerate Business Outcomes