Oracle stock slides as it borrows another $20 billion for AI spending
FROM THE WIRE · FINANCE.YAHOO.COM
Five days after Oracle (ORCL) promised to rein in its fundraising, it raised the full $20 billion in a single day. Oracle kicked off a $10 billion bond sale Monday and, at the same time, filed to sell $10 billion of stock. Together, that's every dollar of new debt and stock it…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishOracle's immediate debt and stock raise weighs on its shares while Big Tech peers rise.AI-generated summary
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Oracle Corporation119.47 USD-1.78%today -8.57%Negative Microsoft Corporation514.24 USD-0.94%today -1.47%Positive Amazon.com, Inc.247.79 USD-0.71%today +3.10%Positive Alphabet Inc.281.61 USD-0.95%today +0.63%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets