Oracle's force-majeure notice to Blue Owl Capital's STACK Infrastructure unit has renewed investor scrutiny of financing and power risks at Project Jupiter, a planned 2.45-gigawatt AI data-center campus for OpenAI in Doña Ana County, New Mexico. Oracle shares fell about 4% on Thursday, with Nvidia, AMD and Micron also declining as investors assessed the implications for the broader AI infrastructure buildout. Oracle said the notice was a routine measure to preserve contractual rights rather than evidence of a delay. The company remains responsible for securing power, cannot terminate its lease and must cover project debt costs. Blue Owl has about $3 billion of equity in the development, which has raised roughly $18 billion in bank loans; it receives a 9% return during construction and expects about 11% if the campus is completed as planned. The 1,400-acre project has faced a delayed natural-gas pipeline, challenges involving air-quality and water permits, and other development pressures. Oracle Vice President Michael Egbert said Project Jupiter remained on schedule and that the company was fully committed to New Mexico. Oracle reported $28.5 billion of capital expenditure in the first fiscal quarter, $664 billion in remaining performance obligations and $125 billion in senior notes and other long-term borrowings as it expands capacity for customers including OpenAI, Nvidia, AMD, Meta and xAI.