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

What happened: Oracle shares rose more than 10% Wednesday after the company laid out a timeline for slowing data center capital spending and generating cash again. Key numbers: Shares up more than 10%. Fiscal years 2028 and 2029 described as "a period of peak capex." Why it matters: The outlined timeline points to a shift from heavy data center spending toward renewed cash generation, which drove the share move. Coverage: 3 outlets in 24h

Oracle shares rose more than 10% Wednesday after the company laid out a timeline for slowing data center capital spending and generating cash again.

The outlined timeline points to a shift from heavy data center spending toward renewed cash generation, which drove the share move.