Oracle files to sell $20 billion in new stock, bonds to finance AI buildout
- The Oracle logo is displayed on a building at an Oracle campus in Redwood Shores, California, Sept.
- Justin Sullivan | Getty ImagesOracle filed plans on Monday to issue new stock and more debt to finance its artificial intelligence buildout.
- The hyperscaler will sell $10 billion in common stock and $10 billion in senior notes, according to filings with the Securities and Exchange Commission.
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- The Oracle logo is displayed on a building at an Oracle campus in Redwood Shores, California, Sept.
- Justin Sullivan | Getty ImagesOracle filed plans on Monday to issue new stock and more debt to finance its artificial intelligence buildout.
- The hyperscaler will sell $10 billion in common stock and $10 billion in senior notes, according to filings with the Securities and Exchange Commission.
Sources: Cnbc