Oracle Lines up $20 Billion for Data Center Expansion

WHO:

CNBC - Rob Oliver is a senior research analyst at Baird; Karl Keirstead is an analyst at UBS; and Gavan Nolan is with S&P Global Market Intelligence.

Wall Street Journal - Oracle is the company raising funds for its data center buildout.

Bloomberg Markets - Oracle Corp. is seeking to raise funds through a US dollar bond sale.

WHAT:

Yahoo Finance - Oracle’s stock fell as much as 9% to its lowest level since July; Amazon and Alphabet shares rose.

Yahoo Finance - Oracle burned through about $24 billion in cash in its last fiscal year and owed about $125 billion as of August, nearly twice its shareholders’ equity.

Yahoo Finance - It costs about five times as much to insure Oracle’s debt against default as Microsoft’s, based on credit-default swaps.

Yahoo Finance - Oracle’s bonds due in 2066 yielded about 8.4%, compared with about 6.1% for Apple and Microsoft bonds due in 2062; CoreWeave pays more than 14%.

Yahoo Finance - Fitch maintained Oracle’s BBB rating, two notches above junk, and said it did not expect Oracle to raise material incremental capital over the rating horizon after the capital raise. Moody’s affirmed its rating but kept its outlook negative.

CNBC - Oracle’s filings specify that the debt offering will consist of senior notes.

CNBC - Oracle said proceeds may be used for general corporate purposes, including capital expenditures, debt repayments, and future investments.

CNBC - Oracle issued a fiscal 2030 revenue forecast of at least $225 billion and said it was limiting additional capital-market funding for its fiscal 2027–2030 investment cycle to $20 billion.

CNBC - Oracle expects to reach positive free cash flow in the second half of 2028.

CNBC - Oracle shares fell more than 6% on Monday, were down 33% in 2026 and 50% over the past 12 months; its 4.95% bond due in 2031 yielded 7.267%.

CNBC - Oracle’s five-year credit-default-swap spread was 296, up 270% in one year; Gavan Nolan said it was more in line with a high-end junk-bond rating.

Wall Street Journal - Oracle is selling $10 billion in common stock and $10 billion in bonds, for a total of $20 billion in financing.

Wall Street Journal - Oracle plans to raise $20 billion in debt, according to the article excerpt.

Wall Street Journal - Oracle’s stock, identified by the ticker ORCL, fell more than 5%.

Bloomberg Markets - Oracle is seeking to raise $10 billion from a US dollar bond sale.

WHY:

Yahoo Finance - Investors reacted negatively to Oracle raising its planned $20 billion in stock and debt financing in a single day.

CNBC - Rob Oliver said, “This seems to be exactly what they previewed. So I'm not sure why the market is freaking about it.”

CNBC - Karl Keirstead said the funding limit was “a major relief” amid concerns about debt markets and the cost of capital.

Wall Street Journal - Oracle is raising financing to pay for its data center buildout.

Bloomberg Markets - The bond sale follows Oracle’s disclosure of new capital-expenditure plans to fund investments in artificial intelligence infrastructure.

HOW:

CNBC - Oracle plans to use vendor financing, customer-provided hardware, and customer prepayments to support its transition to positive free cash flow.

Wall Street Journal - Oracle is seeking financing through sales of common stock and bonds.

Bloomberg Markets - Oracle is seeking to raise funds by selling US dollar-denominated bonds.

(UPDATED November 2, 2026 22:06 UTC)

Oracle is raising twenty billion dollars through stock and bond sales to fund data centers. The financing follows heavy artificial-intelligence investment, while Oracle shares fell sharply. Oracle expects positive free cash flow in the second half of 2028.

(UPDATED November 2, 2026 19:04 UTC)

Oracle plans a twenty-billion-dollar financing package to support its data center expansion. That includes ten billion dollars in bonds and ten billion in stock. Shares fell, despite Oracle capping additional market funding for its investment cycle.

(UPDATED November 2, 2026 16:04 UTC)

Oracle is seeking twenty billion dollars in financing to pay for its data center buildout. The plan includes ten billion dollars in common stock and a ten-billion-dollar US dollar bond sale. Oracle shares fell more than five percent after its financing plans emerged.