Oracle Shares Plunge Up To 11% As $40B Capital Raise And $23.7B Negative Free Cash Flow Spark Investor Fears Despite Strong Earnings Beat
Oracle shares plunge up to 11% as the tech giant reveals plans to raise $40 billion in debt and equity financing amid a staggering $23.7 billion in negative free cash flow, spooking investors despite a strong earnings beat with revenue surging 21% to $19.18 billion and capital expenditures skyrocketing 162% …