Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Oracle reportedly in talks to raise funds to support large-scale chip procurement

Oracle reportedly in talks to raise funds to support large-scale chip procurement

智通财经智通财经2026/10/07 21:41
Show original

According to The Wall Street Journal, sources reveal that Oracle is in talks with institutions such as Apollo and Goldman Sachs for financing to support a large-scale chip purchase. Oracle hopes to complete the deal as early as this year. This financing is intended to bridge the funding gap between Oracle’s payment for hardware procurement and the cloud computing business beginning to generate revenue.

According to the Wall Street Journal, sources say that Oracle is in talks with institutions such as Apollo and Goldman Sachs to secure financing for a large-scale chip purchase, hoping to complete the deal as early as this year. The financing aims to fill the funding gap between Oracle's payment for hardware procurement and the point when its cloud computing business begins to generate revenue.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

JPMorgan lowers Honeywell Technology target price to $240

JPMorgan has lowered Honeywell Technologies' target price from $255 to $240.

智通财经•2026/10/09 05:21

JPMorgan lowers 3M target price to $185

JPMorgan has lowered the target price for 3M from $205 to $185.

智通财经•2026/10/09 05:16

Jefferies lowers Valero Energy's target price to $394

Jefferies has lowered the price target for Valero Energy (VLO.US) from $401 to $394.

智通财经•2026/10/09 05:10

Sanae Takaichi: Strengthening Japan's global economic competitiveness will ultimately boost confidence in the yen, defending tax cut fiscal policies

(1) Japanese Prime Minister Sanae Takaichi stated that enhancing Japan’s global economic competitiveness will ultimately boost market confidence in the yen. (2) She defended her fiscal policies in response to concerns that the planned tax cuts might weaken support for the yen. (3) During a parliamentary session, she said: "Regarding our proactive and responsible fiscal policy, we believe that enhancing Japan’s global economic competitiveness will ultimately help maintain market confidence in the yen. This means we are taking a consistent policy approach."

智通财经•2026/10/09 05:06
Sanae Takaichi: Strengthening Japan's global economic competitiveness will ultimately boost confidence in the yen, defending tax cut fiscal policies