5 days ago
Oracle (ORCL) Stock: Plunges 7.5% as $20B Fundraising Plan Sparks Debt Concerns
TLDR Oracle stock drops 7.51% to $120.86 after announcing a $20 billion fundraising plan. Oracle plans $10 billion in bond sales and another $10 billion through a stock offering. Oracle’s $125.34 billion debt pile raises fresh concerns over its AI expansion costs. Oracle expects positive free cash flow in the second half of fiscal 2028. [...]
The post Oracle (ORCL) Stock: Plunges 7.5% as $20B Fundraising Plan Sparks Debt Concerns appeared first on Blockonomi.
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