Oracle files to sell $20B in new stock, bonds to finance AI buildout

AI-generated summary

Oracle plans to raise $20 billion by selling new stock and bonds to fund its artificial intelligence infrastructure expansion. Despite pre-announcing the fundraising at an investor day, the company's shares fell significantly. Oracle aims to use these funds for general corporate purposes, including capital expenditures and future investments, with a projected free cash flow positive by the second half of 2028.