Oracle files to sell $20B in new stock, bonds to finance AI buildout

Oracle filed with the SEC to sell $10 billion in common stock and $10 billion in senior notes to help finance its AI buildout, a plan it had already outlined at last week's investor day. Shares fell more than 6% Monday despite the filing matching prior guidance, and Oracle said proceeds will go toward general corporate purposes that may include capital expenditures, debt repayment and future investments. Oracle shares are down 33% in 2026 and 50% over the past 12 months, and S&P downgraded the company to BBB- in July.