Oracle is raising $20 billion through a $10 billion sale of new common stock and $10 billion of senior notes to fund its AI build-out, and shares fell 6.9% as of 12:52 p.m. ET on Monday, Nov. 2. The raise falls within the cap of $20 billion through fiscal 2030 that Oracle announced last week, so the article says it is not a surprise. The company says the cash will go toward capital spending, paying down other debts and 'future investments or acquisitions.' The author is not convinced Oracle will stick to the cap, since capital spending could still grow while data center revenue is delayed by construction snags and political opposition.
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