[DEVELOPING] Oracle files $20B stock-and-debt raise; CoreWeave, Nebius slide as Nasdaq 100 enters correction
Oracle filed on Nov 2 to raise $20B, split evenly between common stock and senior notes, to fund its AI build-out. The Motley Fool reported the shares down about 8.9% to $119.10, and FX Leaders cited $125.34B of debt at end-August and rising credit-default-swap costs. In the same session CoreWeave fell 8.6% to $50.15 and Nebius fell 8.3% on debt-funding concerns, and Reuters reported that the Nasdaq 100's Nov 2 close was more than 10% below its Oct 6 record, confirming a correction, before chip stocks rebounded on Nov 3. Next on the calendar: CoreWeave's Q3 report on Nov 10.