Oracle eases AI spending worries with plan to turn cash flow positive

Reuters beat rivals when Oracle forecast capital spending to peak this fiscal year and next, pledged to limit additional fundraises to $20 billion through fiscal 2030, and said it would top $30 billion in free cash flow in fiscal 2029. Oracle’s shares jumped more than 12% as the update reassured investors somewhat that the company could sustainably fund its aggressive data-center buildout.