Oracle’s $20 B Capital Raise Triggers 11% Stock Drop Despite Record Earnings
Oracle announced plans to raise $40 billion total, including an additional $20 billion share sale to fund its AI data‑center buildout. The news sent the stock down 10% in after‑hours trading, even though the quarter posted record revenue and earnings. Investors worry the massive capital influx could strain cash flow, given $23.7 billion of negative free cash flow.