Continues to "pump" funding for AI spending! Oracle (ORCL.US) reportedly close to selling $10 billion in stock at an 11% discount, priced at $116.

Zhitong Finance APP has learned that, according to people familiar with the matter, Oracle (ORCL.US) is nearing pricing for a $10 billion stock offering at an 11% discount to the market price. This follows a sharp selloff in the company's shares during the first volatile trading session of the week. The people said the company is expected to price the offering at $116 per share. At that level, the pricing represents a discount to last Friday's closing price of $130.67 before the transaction was announced.