Oracle's Debt Balloons to $108 Billion as AI Spending Soars

The tech giant is piling on debt to fund AI data centers.Tech giant Oracle (ORCL 10.68%) has racked up remaining performance obligations, which represent future revenue expected to be generated from signed contracts, totaling $523 billion. The company added $68 billion to the backlog in the second quarter of fiscal 2026 alone, signing new deals for AI infrastructure with Meta Platforms, Nvidia, and other customers.Oracle's deals to provide AI infrastructure require the company to build expensive data center ...