According to CoinMeta, Oracle announced that it would commit to providing $30 billion in free cash flow to Wall Street by 2029, which led to a 11% increase in its stock price. Previously, Standard & Poor's downgraded its rating to just above junk bond status in July. Oracle is currently spending heavily on the construction of AI data centers and stated that an additional $20 billion is needed to complete the construction, with funds to be allocated evenly between equity and debt. Before today, the stock had already fallen by 33% this year.