Oracle shares jump 12% as it projects $30bn in free cash flow by fiscal 2029

The Financial Times reports Oracle shares jumped 12% on October 28 after it presented new financial forecasts. Oracle projects $30bn in free cash flow by the end of fiscal 2029 and plans to limit additional fundraising for its AI strategy to $20bn, split evenly between debt and equity. MarketWatch reports Oracle expects positive free cash flow in the six months ending May 2028.