Oracle files to raise $20 billion for AI buildout, and its stock drops 8%

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

Oracle filed with the SEC to sell $10 billion in common stock and $10 billion in senior notes to fund its AI infrastructure push, a plan it had already previewed at investor day. Despite that, shares fell more than 8% Monday. Oracle carries $125.34 billion in debt, was downgraded to BBB- by S&P in July, and its five-year credit default swaps have jumped 270% in a year.