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

T1Covered by 1 source · first reported by The Information (teasers) at 28 Oct, 21:42 UTC

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. The company described future capital spending in fiscal years 2028 and 2029 as “a period of peak capex,” ...