Oracle plans to raise $20 billion through bonds and stock sales
Oracle announced it will raise no more than $20 billion in additional financing for AI expansion through fiscal 2030. The company expects capital spending to peak in the current fiscal year and next as it builds out cloud-computing infrastructure. The financing combines bond and stock sales to support the infrastructure buildout.
Key points
- Oracle targeting $20 billion in financing for AI through fiscal 2030
- Capital spending expected to peak in current and next fiscal years
- Financing through combination of bonds and stock sales
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