Oracle (ORCL) Is Down 11.6% After Unveiling a US$45–50 Billion AI Infrastructure Capital Plan – Has The Bull Case Changed?

In early February 2026, Oracle outlined plans to raise US$45–50 billion through a mix of equity, preferred securities, and investment‑grade bonds to fund a major expansion of its Oracle Cloud Infrastructure for AI-heavy customers including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI. This funding blueprint, paired with strong demand for its large bond sale and efforts to preserve an investment‑grade rating, highlights how Oracle is using capital markets as a core lever to scale its role in...