Shares of CoreWeave (NASDAQ: CRWV) are getting a lift after Oracle (NYSE: ORCL) delivered a force majeure order to Blue Owl Capital(NYSE: OWL) for its Project Jupiter. Oracle wants to defer payments to Slack Infrastructure, the developer owned by Blue Owl, if the data center project doesn't open in 2028.
Bulls are latching onto the idea that new data center capacity is becoming more likely to be delayed. In that case, neocloud companies such as CoreWeave, Iren (NASDAQ: IREN) and Nebius Group (NASDAQ: NBIS), which have existing capacity, will become more valuable.
