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Oracle's AI spending surpasses estimates, says it'll raise more debt in 2027
short by Pravel Jain / on Thursday, 11 June, 2026
Oracle shares fell in extended trading after it reported quarterly capital expenditure that exceeded estimates, raising concerns about the profitability of its AI infrastructure business. Capital expenditure totalled about $16.5 billion in the period ended May 31, taking annual spending to $55.7 billion, above Oracle's projection of $50 billion. The company also said it'd raise more debt in 2027.
read more at Reuters