Oracle shares fall 13% on increase in data centre spending
Larry Ellison’s company raises its capital expenditure forecast as it doubles down on AI infrastructure bet
Larry Ellison’s company raises its capital expenditure forecast as it doubles down on AI infrastructure bet

Larry Ellison’s database group posted better than expected earnings from its cloud unit

The group’s shares jumped nearly 40% lifting its valuation close to $1tn

Chief says cloud infrastructure business was expected to grow more than 70% in the next fiscal year

US chipmaker reports better than expected revenue and financial guidance

Huge bond offering comes amid concerns over Oracle’s debt load and the recent flood of AI-related issuance

Larry Ellison’s software company falls more than rivals over its borrowing and reliance on OpenAI contracts