Oracle Shares Fall Over 3% as Company Sets $20 Billion Financing Ceiling
Oracle said it is capping additional fundraising at $20 billion as investors scrutinize the cash demands of its AI expansion. Shares traded at $140.14 on October 29, down approximately 3.05%.
Oracle NYSE:ORCL is putting a $20 billion ceiling on additional fundraising as investors scrutinize the cash demands of its AI expansion. Shares traded at $140.14 at 10.15am EST on October 29, down approximately 3.05%. The company outlined the financing commitment at its investor day, with refinanc…