Oracle stock seesaws
Digest more
Oracle (NYSE:ORCL) is reportedly planning to raise about US$45b to US$50b in debt and equity to fund large scale AI and cloud infrastructure projects. The company is said to be exploring sizable job cuts,
The cloud-services giant said it expects to raise between $45 billion and $50 billion through a combination of debt and equity.
Oracle (NYSE:ORCL) announced on Friday that it expects to raise $45 billion to $50 billion in cash this year through a balanced mix of debt and equity financing. The funds will support expansion of its Oracle Cloud Infrastructure (OCI) to deliver on massive contracted demand for AI and cloud capacity from key customers including Advanced
Company plans $50B raise for AI cloud as debt insurance costs surge to crisis levels and shares fall 36% to $164.58 from September peak.
Oracle Corp. (NYSE: ORCL) is reportedly preparing a massive capital raise of up to $50 billion to accelerate its expansion of cloud infrastructure. On Sunday, Oracle said it plans to raise $45 billion to $50 billion in 2026 to build additional capacity for its cloud infrastructure.
Oracle is considering workforce cuts and selling Cerner to alleviate financial pressure, warns investment bank TD Cowen.
Oracle's new financing efforts come after Wall Street showed skepticism around its costly build-out of data centers and other AI infrastructure.
The software giant wants to expand its cloud infrastructure, even as its stock trails and investor concerns deepen.