Nvidia, OpenAI and Oracle
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Oracle, ai and buildout. Shares
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The software giant wants to expand its cloud infrastructure, even as its stock trails and investor concerns deepen.
Shares in Oracle (ORCL) fell after the technology company said it plans to raise up to $50 billion this year to fund its cloud-infrastructure business. Oracle stock started higher, but finished the day more than 2% lower,
Sam Altman, Jensen Huang, and Oracle push back on reports of tension over OpenAI's deal with Nvidia.
The capital injection aims to satisfy surging cloud demand from heavyweight clients including OpenAI, Meta, Nvidia, AMD, TikTok, and xAI.
Oracle is undergoing massive AI-driven data center expansion, pressuring debt and margins in the near term. Learn why ORCL stock is a Buy.
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
Oracle Corp. plans to raise $45 billion to $50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity, reflecting the scale of financing needed to feed AI’s growth.
Oracle's 5-year credit default swaps are tumbling after the company announced a $50 billion debt and equity financing plan.