Oracle(US:ORCL) Zhi Tong Cai Jing·2026-02-02 14:05Core Viewpoint - Oracle plans to raise $45 billion to $50 billion by 2026 through a combination of debt and equity issuance to expand its cloud infrastructure capacity [1] Group 1: Financing Plans - Oracle aims to raise approximately half of the funds through equity-linked securities and common stock, including mandatory convertible preferred stock [1] - The company will utilize an "at-the-market" (ATM) stock program with a maximum size of $20 billion for financing [1] - The remaining funds will be raised through a one-time bond issuance in early 2026 [1] Group 2: Customer Demand - The financing is intended to meet the signed demand from Oracle's largest cloud infrastructure (OCI) customers, which include AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI [1]