Oracle, cloud
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Oracle, debt in 2027
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The cloud giant's record quarter came with a reminder of just how expensive its artificial intelligence build-out has become.
Oracle heads into earnings with expectations running high after explosive growth in AI-related cloud demand drove a record backlog and ambitious revenue targets.
Oracle beat Q4 earnings and sealed a $300B OpenAI deal. Flat guidance sent shares down 8%. The AI bet has a price.
Oracle shares plunge 12% on surging AI capex and rising debt, deepening a 23.7 billion dollar cash flow deficit, dragging SAP and Capgemini shares lower.
Oracle is set to report earnings Wednesday afternoon, with the cloud computing giant's stock seen making a big swing after the results.
Larry Ellison’s net worth has dropped by nearly $47 billion in a week as Oracle shares slide ahead of earnings, despite strong expectations for the company’s AI-driven growth.
