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Data center giant Oracle

’s stock took a 3% hit in early premarket on Monday, after the company announced plans to raise up to $50 billion to develop additional capacity for customers, and an analyst said the company was considering laying off thousands to free up cash flow.

Hyperscalers have scrambled to build the infrastructure needed to power AI, with data center deals hitting a record $61 billion in 2025 and multiple big tech firms committing huge sums amid a funding rush.

Oracle said on Sunday it planned to raise $45 billion to $50 billion of gross cash proceeds during the 2026 calendar year to build additional capacity to meet contracted demand from its cloud customers, which include Nvidia