Oracle shares gain as $50 billion raise eases data-center funding fears

By Rashika Singh Feb 2 (Reuters) - Oracle shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI. Long a ​smaller player in the cloud market, Oracle has emerged as a major player in the business of renting ‌computing power over the past year, thanks to its $300 billion deal with OpenAI. But investors have grown worried about how it would fund the data-center ex ...