Oracle shares fell nearly 9% after the company revealed AI infrastructure spending would soar to as much as $95 billion（約15兆円） in fiscal 2027, forcing it to raise debt and accept margin pressure.

What happened

Oracle said capital expenditures hit close to $56 billion（約9兆円） this year, well above its target, and will balloon to as much as $95 billion（約15兆円） in fiscal 2027. The company also warned profit margins would "step down" over the coming year as it ramps up data-center projects. Shares plunged in after-hours trade Wednesday, dropping close to 9%.

What to watch

Though some of the $95 billion（約15兆円） figure will be repaid by customers, the company will need to raise more debt next year to finance the expansion. The company also said OpenAI customers can now access its cutting-edge coding models on Oracle's cloud.