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Oracle files to sell $20 billion in stock and bonds for AI buildout
Oracle plans to sell $10 billion in common stock and $10 billion in bonds; its shares fell at least 5%.
TLDR
Oracle filed plans to raise $20 billion for its AI data center buildout, split evenly between stock and bonds. Its shares fell at least 5%. The S&P 500 and Nasdaq also ended lower Monday as investors weighed concerns over heavy AI spending and awaited corporate earnings and the US midterm elections.
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