Blackstone President Jon Gray said more global equity fundraising is needed to meet AI demand, with most major tech companies expected to raise more capital.
Oracle shares rose about 11% after Investor Day set a $225bn fiscal 2030 revenue target and capped new funding at $20bn.
Oracle and OpenAI promoted AI tools but skipped questions on a $664B backlog and negative free cash flow.
CoreWeave shares slid about 16% and its bond yields neared 15% as investors worried that heavy AI-linked borrowing is outpacing balance sheets.
Dan Ives says software stocks got their clearest buy signal in months, citing Oracle's earnings as a turning point.