Oracle (ORCL) stock is down today after the company filed to sell $10 billion of new shares and $10 billion of bonds. Oracle flagged the $20 billion raise at its investor day last week, but selling new stock still dilutes existing shareholders.
As of 1:10 PM ET, Oracle was down 6.1% at $122.61, while the S&P 500 was up 0.4%. The stock fell as much as 7.0% earlier in the session.
Oracle says the money will go to general corporate purposes, which may include capital spending and paying down debt
It had more than $125 billion in debt as of August 31
Last week it forecast at least $225 billion in revenue for fiscal 2030 and said it would limit new capital raises through fiscal 2030 to $20 billion, not counting debt refinancing
The drop puts the stock back below where it traded before the investor day and leaves it down more than 35% in 2026. Oracle has become a test case for the AI debt boom, as investors question how much borrowing it takes to build data centers.
More stock moves are on our stocks page.
Oracle says $20 billion is the cap. Shareholders are still footing part of the bill.
Get charts like this every morning. Join 200K+ investors on our free morning briefing. Get high-conviction stock ideas in your inbox. Upgrade to Best Ideas Club.
