Oracle's shares plunged about 11% on Thursday after the enterprise software and cloud giant disclosed plans for a significantly increased capital raise to finance its growing artificial intelligence and data center expansion.
The slide marks one of its most pronounced declines in recent months, coming after the company reported strong underlying financial results that nonetheless failed to calm markets. The stock's tumble reflected broader unease over the company's ambitious spending forecast and its plan to raise approximately $40 billion through a mix of debt and equity financing in the coming fiscal year to support its AI infrastructure build‑out.
