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Oracle Plans to Raise $20 Billion to Fund AI Cloud Buildout

Oracle plans to raise $20 billion, including a $10 billion stock offering, to finance its AI cloud expansion.

ORCL

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02:12:17 PM UTC
SquawkNews
ファクトボックス-ハイテク企業、AIとクラウド事業の拡大資金として借入や株式発行を活用 オラクルを追加する更新 [ 11月2日 ロイター] - 世界最大のテクノロジー企業各社は、AIインフラを強化する
02:32:14 PM UTC
SquawkNews
ORACLE SHARES FALL 4.9% AFTER CO ANNOUNCES PLANS TO RAISE $20 BLN THROUGH BOND AND STOCK SALES
02:32:18 PM UTC
SquawkNews
Oracle (ORCL) shares dropped in morning trade on Monday after the company said it plans to raise $20 billion by selling $10 billion in senior notes and $10 billion in common stock.According to the company’s filings with the Securities and Exchange Commission (SEC), neither offering depends on the o…

By Emily BaryOracle has been borrowing money and issuing stock to help finance its AI cloud growthOracle's stock is set to fall on Monday.Oracle is raising more money to finance its artificial-intelligence cloud buildout.The technology giant announced Monday that it plans a $10 billion stock offeri…

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