Oracle shares rose 2% Monday after the company announced plans to raise up to $50 billion to expand data center capacity for its cloud customers.

The funding, expected in 2026 through a mix of debt and equity, will support rising demand tied to AI infrastructure from clients including Nvidia, Meta, OpenAI, and TikTok.

The move comes amid a broader surge in AI-related data center investment, which hit a record $61 billion this year.

Investors have expressed concern about Oracle’s aggressive spending and debt levels, especially after the stock has fallen about 50% since its September peak, CNBC has reported.

Despite those worries, Oracle continues to make large bets on AI growth following recent bond sales and major cloud deals.