Oracle Plunges 11.8% After Hours on June 11 Over $20B AI Financing Plan

Oracle shares plunged 11.8% after hours on June 11, according to Bitget data, as investors reacted negatively to the company's plan to raise approximately $20 billion for data center and AI infrastructure expansion. The sharp decline was driven by concerns over the company's massive AI capital expenditure, which has turned free cash flow deeply negative, combined with market worries about the timeline and profitability of these investments.
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