Oracle and STACK Infrastructure said flooding in southern New Mexico reached the Project Jupiter site but did not damage critical infrastructure, and Oracle said the development remains on schedule. The update followed Oracle’s force majeure notice tied to the New Mexico project, which was intended to protect the company from higher expenses associated with unexpected circumstances. Oracle shares fell about 5% last Thursday after news related to the notice. Project Jupiter is designed for 2.45 gigawatts of capacity and forms part of the Stargate artificial-intelligence infrastructure initiative involving Oracle, OpenAI and SoftBank. The campus is supported by an $18 billion loan from roughly 20 banks and is expected to use Bloom Energy fuel cells. Investors are monitoring potential remediation costs, insurance recoveries and any changes to capital-spending assumptions, even as the project retains its 2028 operations target and planned schedule.