Oracle (ORCL) stock, valued at $411 billion and trading at $139.66, is under pressure due to a 58% drop from all-time highs. Despite this, the company's revenue is growing faster than it has in over 15 years. Free cash flow has gone from a modest positive to deeply negative within two years, according to CEO Clay Magouyrk. The company has invested heavily in AI infrastructure, securing over 10 gigawatts of power and data center capacity over the next three years and doubling manufacturing sites and increasing rack output fourfold within a single year. To fund its AI investments, Oracle raised $30 billion through investment-grade bonds and convertible preferred stock in February 2026, part of a broader plan to raise to $50 billion in debt and equity this calendar year. However, this is not a sustainable long-term strategy as the company also pays a dividend.