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ORCLBEARISHIn depth · 4/5

Oracle under pressure on dilution and negative free cash flow

The bear case argued: Oracle's $20 billion capital raise, widening debt load, and negative free cash flow signal that funding its AI infrastructure build-out will be structurally costlier than for cash-rich hyperscalers.

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ORCL: Oracle under pressure on dilution and negative free cash flow · Zortix