Oracle Surges More Than 10% After It Caps Capex and Projects Positive Cash Flow

First reported by Bloomberg at · Updated · 10 sources

Oracle shares rose more than 10% Wednesday after the company sketched out a timeline for when it would begin to slow its capital spending for data centers and start generating cash again.

Covered by 10 publishers within 29 hours of the first report.

Summary from The Information.

Reporting10

The Next Web Oracle shares jump as it targets $30B in free cash flow by 2029 · Cristian Dina
Implicator.ai Amazon's AI Build-Out Drains $42.4 Billion of Cash · Marcus Schuler

Related

Topics OracleData centers