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Oracle Caps Additional AI Funding at $20 Billion, Expands Nvidia Chip Supply Deal (November 2, 2026)

Oracle said on Nov 2 it will raise no more than $20B in extra AI funding through fiscal 2030, expanding its Nvidia chip deal; FCF turns positive in 2H2028.

One-sentence summary

Oracle said on November 2 it will raise no more than $20B in additional debt and equity for AI infrastructure through fiscal 2030, expanding its Nvidia chip deal; FCF is expected to turn positive in 2H2028 and top $30B in 2029.

Event Overview ​

On November 2, 2026, Oracle laid out the financing pace and cash-flow path for its AI infrastructure expansion, and expanded its chip supply agreement with Nvidia.

Key Information ​

  • Oracle pledged to raise no more than $20 billion in additional debt and equity for AI infrastructure expansion through fiscal 2030.
  • It expanded its chip supply deal with Nvidia to support AI cloud capacity.
  • Per CFO Hilary Maxson, Oracle expects free cash flow to turn positive in the second half of 2028.
  • It expects free cash flow to exceed $30 billion in 2029.

Official Sources ​