Here's How Oracle's "Force Majeure" Changes the AI Data Center Thesis
By newsfeedback@fool.com (Marc Guberti)
Read original article on Motley FoolArtificial intelligence (AI) stock investors recently learned a French term after Oracle (NYSE: ORCL) issued a "force majeure" notice to Blue Owl Capital (NYSE: OWL) regarding Oracle's $165 billion data center project. This is a request from Oracle to pause rent payments if the project is delayed beyond 2028, but it is up to Blue Owl Capital to honor that request or challenge it in court.
Oracle said its 2.45-gigawatt New Mexico facility remains on track for completion in 2028 but flagged New Mexico's challenging regulatory environment as an obstacle to revenue recognition.
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