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Oracle Shares Drop Amid $10 Billion Debt Raise | Markets & Money News
Oracle has instigated a significant funding push, raising a total of $20 billion just days after vowing to slow fundraising efforts. The tech giant launched a $10 billion bond sale and requested another $10 billion in stock, leading to a decline in their stock value by 6.5%, its lowest since July. Despite this, rival companies gained ground. Oracle struggles with over $125 billion in debt and a challenging financial landscape, raising concerns about their AI expansion strategy and future
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