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Economic Times

Oracle plans to raise $20 billion through bonds and stock sales

The company said last week that it expects capital spending to peak this fiscal year and the next as it builds more cloud-computing capacity, but pledged to raise no more than $20 billion in additional financing for AI through fiscal 2030.

By Economic Times

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·Excerpt
Oracle plans to raise $20 billion through bonds and stock sales
Image: Oracle stock jumps: While, Wall Street's Software & IT Services sector has been down by 0.39 per cent, Oracle Corp stock has surged.

Synopsis

The company said last week that it expects capital spending to peak this fiscal year and the next as it builds more cloud-computing capacity, but pledged to raise no more than $20 billion in additional financing for AI…

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