Oracle to raise $20 billion through bond and share sales for AI expansion as shares fall nearly 6%
Oracle plans to raise $20 billion through bond and share sales to fund AI expansion as its shares fall 6% amid investor concerns over debt and spending.
Oracle intends to raise $20 billion for its AI and cloud infrastructure expansion, according to recent filings. The software giant plans to utilize the funds to bolster its investments in artificial intelligence and data centers. Oracle's shares declined nearly 6% on Monday, extending its year-long losses, as reported by Reuters.
The stock had already slipped about 33% through Friday, reflecting investor apprehension regarding the company's financial health and spending strategies. This fundraising underscores Oracle's substantial commitment to AI infrastructure. The company is heavily investing in the technology, aiming to triple its revenue to over $225 billion by fiscal 2030.
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