Nvidia, OpenAI and Oracle
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The software giant wants to expand its cloud infrastructure, even as its stock trails and investor concerns deepen.
While Oracle has lagged behind the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.
By Rashika Singh Feb 2 (Reuters) - Oracle shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI.
As of Friday, Oracle shares had dropped more than 50% from last year's high, but were once again rising by Monday morning.
The capital injection aims to satisfy surging cloud demand from heavyweight clients including OpenAI, Meta, Nvidia, AMD, TikTok, and xAI.
The database and cloud software company assured investors that NVIDIA and OpenAI's supposedly lofty deal won't help or hurt its business.
Oracle (NYSE:ORCL) announced on Friday that it expects to raise $45 billion to $50 billion in cash this year through a balanced mix of debt and equity financing. The funds will support expansion of its Oracle Cloud Infrastructure (OCI) to deliver on massive contracted demand for AI and cloud capacity from key customers including Advanced
Feb 1 (Reuters) - Oracle expects to raise $45 billion to $50 billion in 2026 to build additional capacity for its cloud infrastructure, the software company said on Sunday. The company, chaired by billionaire Larry Ellison,
Shares in Oracle (ORCL) fell after the technology company said it plans to raise up to $50 billion this year to fund its cloud-infrastructure business. Oracle stock started higher, but finished the day more than 2% lower,
Oracle's 5-year credit default swaps are tumbling after the company announced a $50 billion debt and equity financing plan.
Sam Altman, Jensen Huang, and Oracle push back on reports of tension over OpenAI's deal with Nvidia.