Oracle files to issue $10 billion in stock and $10 billion in bonds to finance AI infrastructure

Oracle on Monday filed with the SEC, planning to issue $10 billion in common stock and $10 billion in senior notes, with proceeds to be used for AI infrastructure buildout and other general corporate purposes; shares fell more than 6% that day after the news was announced. The company had already flagged this round of financing at its investor day last week, and gave a revenue forecast of at least $225 billion for fiscal 2030, while stating that additional capital markets financing during the 2027 to 2030 investment cycle would be limited to this $20 billion. Oracle shares have fallen 33% cumulatively in 2026, and its five-year credit default swap spread has risen to 296.