Oracle Shares Plunge 8.9% on Higher FY27 Capex Forecast, $40B Financing Plan
ORCL sits 34% above its 52-week low of $134.57.
Summary
Oracle shares dropped 8.9% in extended trading after the company forecast fiscal 2027 capital spending above Wall Street estimates. The company also announced plans to raise nearly $40 billion next year through a combination of debt and equity financing. This significant capital raise and increased spending are intended to fund its AI infrastructure buildout, a project that has already drawn investor scrutiny over its rising debt load. This news overshadows recent positive reports of strong Q4 results and major cloud deals.
At the time of this announcement, ORCL was trading at $180.89 on NYSE in the Technology sector, with a market capitalization of approximately $578.8B. The 52-week trading range was $134.57 to $345.72. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Reuters.