Thursday, 11 June, 2026
The High Cost of the Cloud: Oracle’s Trillion-Dollar AI Race Sparks Debt Alarm
By TechShots Studio
Despite a massive revenue beat and a record $638 billion contract backlog, Oracle's stock tumbled over 10% after its fiscal 2026 capital expenditures hit $55.7 billion—blowing past Wall Street forecasts.To fund this relentless AI infrastructure buildout, the tech giant plans to raise an additional $40 billion in debt and equity for fiscal 2027. This aggressive borrowing has spooked investors, plunging Oracle's free cash flow to negative $23.7 billion.
Read full story at REUTERS