Oracle’s AI Leap Comes With a $70B Capex Bill

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Source: Trefis
TL;DR Summary

Oracle posted solid earnings with 93% growth in its Cloud Infrastructure segment and a record Remaining Performance Obligations backlog of about $638 billion, but it also announced a massive capital-spending program—roughly $70 billion in the next fiscal year funded by around $40 billion of debt/equity—implying a margin headwind in FY2027 and prompting questions whether AI demand justifies the bill.

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