ORACLE RAISES $50 BILLION TO BUILD AI DATA CENTERS FOR OPENAI, XAI AND META — STOCK SURGES 5%
Oracle is raising up to $50 billion through a mix of bonds and equity to fund a 7x increase in capital expenditure — from $6.9B in FY2024 to ~$50B in FY2026 — to build out AI data center capacity for major customers including OpenAI, xAI, Meta, and Nvidia. The company has $130 billion in contracted cloud demand waiting to be fulfilled.
Keywords: Oracle AI data center, Oracle cloud infrastructure, AI compute investment, cloud expansion 2026