Continued support for AI spending! Oracle (ORCL.US) reportedly close to offering $10 billions worth of stock at an 11% discount, priced at $116.

According to Golden Ten Data, informed sources revealed that Oracle (ORCL.US) is close to pricing a $10 billion stock offering, with a price set at an 11% discount to the market price. On the first volatile trading day of this week, the company's stock price was hit. According to the sources, the company expects to price this offering at $116 per share. At this level, the offering price is at a discount compared to last Friday's closing price of $130.67 before the transaction was announced.