Oracle shares jump as it targets $30B in free cash flow by 2029

Oracle forecasts a positive free cash flow of $30 billion by fiscal 2029, reversing previous expectations of continued negative cash flow. This turnaround follows heavy investment in data centers to support AI computing, including renting Google chips. Oracle also capped new fundraising at $20 billion through 2030 and maintained its $225 billion revenue target, leading to a 14% rise in its shares.