21 Hrs
Source:
الاقتصادية
Oracle's AI spending squeeze drops stock
Reports have shown that the stock of American company Oracle declined by approximately 7.2%, reaching $186.7 after the announcement of plans to increase capital expenditure on artificial intelligence data centers. This triggered investor concerns over rising debt levels and slowing cash flows, despite its strong quarterly results. The company forecasts spending of up to $95 billion for the fiscal year 2027 on expansions in cloud computing and artificial intelligence services, and intends to raise $40 billion through a combination of debt issuance and equity sales to fund these expansions. Analyses indicate that the large-scale financing may increase debt burdens, although investor confidence in the future of the artificial intelligence sector remains intact.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)