Oracle Shares Drop Sharply as Investors React to Large Capital Raise and AI Spending Plans

Source: International Business Times

Oracle's shares plunged about 11% in recent trading after the company disclosed plans for a significantly increased capital raise to finance its growing artificial intelligence and data center expansion. Justin Sullivan/Getty Images 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.