Oracle, whose market cap is more than $400 billion, has been shadowed by questions about its aggressive capital spending and mounting debt load. The company guided capex of $50 billion for the current fiscal year, a figure that has helped push its total debt position to more than $100 billion. Last month, Oracle raised $30 billion through a one-two punch of bonds and preferred stock, and said its order book was substantially oversubscribed by investors.
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