TECH NEWS
Oracle spent $55.7 billion on data centres in a single year, beat its own guidance by $5.7 billion, and wants to raise another $40 billion
TL;DR Oracle spent $55.7 billion on data centres in FY2026, overshooting its own $50 billion guidance. Revenue and cloud bookings beat estimates, but the stock fell 7% after hours on capex concerns and plans to raise another $40 billion. Oracle reported fiscal fourth-quarter revenue of $19.2 billion,