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Oracle slips on reports of unexpected debt plan

Oracle  (ORCL) , the multi-billion-dollar cloud applications and platform service provider, is again in the news, for negative cash flow and a new 15billionbondsaletofunditsAIambitions.InJanuary,Oracle,OpenAIandSoftbankannounceda15 billion bond sale to fund its AI ambitions. In January, Oracle, OpenAI and Softbank announced a 500 billion Stargate project to boost U.S. AI infrastructure. To help fulfil the terms, Oracle intends to raise 15billionthroughacorporatebondsale.Thecompanyisalsodiscussingapotential15 billion through a corporate bond sale. The company is also discussing a potential 20 billion cloud computing agreement with Meta Platforms. ...