03-Nov-2026 10:17:25
Oracle Raises $10 Billion via Share Sale at 11% Discount; Google Parent Alphabet Raises €6 Billion in Bonds Amid AI Spending Frenzy
Oracle priced a $10 billion share sale at $116 per share, an 11.2% discount to its previous close of $130.67, as it raises funds for AI and cloud infrastructure expansion. Its shares have fallen around 39% year-to-date. Separately, Google parent Alphabet raised €6 billion ($6.7 billion) through a seven-part euro bond sale, attracting over €17 billion in investor demand. The deals underscore Big Tech’s growing reliance on equity and debt markets to finance the AI spending frenzy.