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Oracle Surges More Than 10% After It Caps Capex and Projects Positive Cash Flow

First reported by The Information · 4h ago

The signal ●○○○ Brief pending · reported by The Information, Bloomberg, Investor's Business Daily, CTech, Barron's Online and 5 more

What happened

Oracle shares rose more than 10% Wednesday after the company sketched out a timeline for when it would begin to slow its capital spending for data centers and start generating cash again.

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Oracle

Oracle Surges More Than 10% After It Caps Capex and Projects Positive Cash Flow

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