Shares tumble after Oracle announces $20 billion equity and debt raise despite reporting $2.11 per share on $19.2 billion revenue for Q4 with strong AI cloud growth and rising remaining performance obligations supporting long-term investor confidence

Shares of the tech giant closed down more than 2% on Wednesday before plummeting over 5% in after-hours trading.

June 10 : Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to…

Oracle shares fell sharply in after-hours trading despite beating earnings estimates, as investors reacted to aggressive AI spending plans and rising debt concerns. The companys…