Oracle Surges More Than 10% After Capping Capex, Projecting Positive Cash Flow

Oracle shares rose more than 10% Wednesday after the company laid out a timeline for slowing data center capital spending and returning to positive cash flow. It called fiscal 2028 and 2029 "a period of peak capex."

• Oracle shares gained more than 10% in a day
• Peak data center capex expected in fiscal 2028–2029
• Company projects a return to positive cash flow