此外，衡量需求强劲程度的另一项指标——新债溢价(即投资者购买新债相比该公司现有证券所获得的 额外收益率，也称新发行折让)今年平均仅为0.02个百分点，即2个基点。去年这一数字为3.3个基点。 截至本周三，美国高评级证券的风险溢价(即利差)今年已收窄0.03个百分点至0.75个百分点，接近数十 年来的最低水平。Wealth Enhancement Group投资组合咨询总监Ayako Yoshioka表示，如此高的估值几乎 没有进一步改善的空间，她对信贷市场持中性展望。 她表示："我们没有看到任何看跌的催化剂，但考虑到利差目前的水平，看涨的空间也非常有限。" 智通财经APP注意到，据LSEG Lipper数据显示，在截至周三的一周内，美国债券投资者再次向高评级 债券基金注资43亿美元，这已是连续第11周录得资金流入。随着投资者争相买入仍能提供可观收益率的 债券，此类资金流入趋势持续强劲。 在 1月份投资级债券基金创下433亿美元(五年来最大月度流入量)的纪录后，近期资金继续涌入短期和中 期投资级债券基金。持续的资金流入为今年企业债发行市场的需求提供了有力支撑。 2026年至今，高评级公司已发行约3090亿美元的 ...

亚马逊股价连续八个交易日下跌后正式进入技术性熊市，成为Mag7中第二家跌入熊市的公司。投资者对科技巨头激进的人工智能支出计划发起强烈抵制， 导致这些明星股票大幅下挫。 风险提示及免责条款 投资者在Mag 7内部轮动，自由现金流压力凸显 Apex Fintech Solutions风险副总裁Mike Treacy表示，近期抛售凸显出Mag7成员之间日益扩大的分化。自去年秋季以来，投资者已从与微软、英伟达和甲骨文 相关的OpenAI交易中撤出，转而青睐Alphabet和博通生态系统。 Treacy指出，Alphabet垂直整合的技术堆栈在一定程度上抵消了过度支出的担忧，使该股免受科技股抛售的最严重冲击。Alphabet股价周四收盘时较近期高 点下跌9.2%。Treacy表示，谷歌的自给自足能力应该获得相对其他公司的溢价，后者可能受到产业链中某一环节的不利影响。 亚马逊、微软和Meta股价遭受更大冲击，因为投资者对这些公司AI支出能否带来足够投资回报信心不足。对于亚马逊而言，资本支出水平的提高可能导致 其今年自由现金流转为负值，这意味着公司需要开始进入债务市场筹集更多资本。 Treacy认为，AI交易的下一个重要催 ...

Core Viewpoint - A class action lawsuit has been filed against Oracle Corporation, alleging securities fraud and unlawful business practices related to its AI infrastructure strategy and financial disclosures [1]. Summary by Relevant Sections Class Action Details - Investors who suffered losses in Oracle securities are encouraged to contact Pomerantz LLP to join the class action, with a deadline to apply as Lead Plaintiff by April 6, 2026 [1]. - The lawsuit claims that Oracle and its executives made misleading statements regarding the company's capital expenditures and revenue growth expectations [1]. Allegations of Misleading Statements - The complaint alleges that Oracle's AI infrastructure strategy would lead to significant increases in capital expenditures without corresponding near-term revenue growth [1]. - It is claimed that Oracle's increased spending poses risks to its debt, credit rating, free cash flow, and project funding capabilities [1]. Impact of Analyst Reports - On September 24, 2025, S&P Global Ratings indicated that OpenAI could account for over one-third of Oracle's total revenues by fiscal 2028, raising concerns about OpenAI's ability to meet contractual obligations [1]. - Following a "Sell" rating from Rothschild & Co. Redburn on September 25, 2025, Oracle's stock price fell over 5%, with a price target set at $175, indicating a potential 40% decline [1]. Financial Performance and Stock Reactions - Oracle's Q2 fiscal year 2026 results showed revenue growth below analyst expectations, with capital expenditures exceeding estimates and negative free cash flow exceeding $10 billion, leading to an 11% drop in stock price [1]. - Reports on December 12, 2025, indicated delays in data center completion for OpenAI, further suggesting potential revenue growth delays, which contributed to additional stock price declines [1]. - On December 17, 2025, it was reported that Blue Owl Capital withdrew funding for a $10 billion data center project due to concerns over Oracle's spending and rising debt, resulting in a further 5% drop in stock price [1].

美东时间周四，投资者对人工智能（AI）颠覆性的担忧持续发酵，三大指数均跌超1%，纳指以2%的跌幅领跌。 （三大指数日内走势，来源：TradingView） 截至收盘，道琼斯指数跌1.34%，报49,451.98点；标普500指数跌1.57%，报6,832.76点；纳斯达克指数跌2.03%，报22,597.15点。 今年以来，随着一些AI工具的推出，部分板块遭受冲击，包括软件公司、出版商、金融服务企业等。投资者担心，这些AI工具可能复制它们 的业务模式，或至少侵蚀其利润率。 在AI可能颠覆财富管理业务的担忧下，摩根士丹利等金融股承压；卡车运输和物流公司如C.H. Robinson股价暴跌14%，因市场担心AI将优 化货运运营，从而压缩部分收入来源。 AI颠覆担忧甚至蔓延至房地产行业。市场认为更高的失业率将打击办公空间需求，CBRE和SL Green Realty等股票因此走低。 Freedom Capital Markets首席市场策略师Jay Woods表示："AI曾是推动这些股票飙升、估值达到极端水平（虽未极端到离谱）的唯一动 力，如今却成了压制它们表现的因素。" Yardeni Research总裁Ed ...

美东时间周四，投资者对人工智能（AI）颠覆性的担忧持续发酵，三大指数均跌超1%，纳指以2%的跌幅领跌。 （三大指数日内走势，来源：TradingView） 截至收盘，道琼斯指数跌1.34%，报49,451.98点；标普500指数跌1.57%，报6,832.76点；纳斯达克指数跌2.03%，报22,597.15点。 今年以来，随着一些AI工具的推出，部分板块遭受冲击，包括软件公司、出版商、金融服务企业等。投资者担心，这些AI工具可能复制它们的业务模式， 或至少侵蚀其利润率。 在AI可能颠覆财富管理业务的担忧下，摩根士丹利等金融股承压；卡车运输和物流公司如C.H. Robinson股价暴跌14%，因市场担心AI将优化货运运营，从而 压缩部分收入来源。 AI颠覆担忧甚至蔓延至房地产行业。市场认为更高的失业率将打击办公空间需求，CBRE和SL Green Realty等股票因此走低。 投资者纷纷转向更具防御性的板块，沃尔玛和可口可乐股价分别上涨3.8%和0.5%。 在标普500指数各板块中，必需消费品和公用事业板块涨幅居前，均上涨超过1%，并带动必需消费品板块创下历史收盘新高。 热门股表现 大型科技股普跌，英伟达跌1 ...

NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Oracle Corporation ("Oracle" or the "Company") (NYSE: ORCL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Oracle investors who were adversely affected by alleged securities fraud between June 12, 2025 and December 16, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/oracle-corporation-lawsuit-su ...

Core Viewpoint - The Gross Law Firm is notifying shareholders of Oracle Corporation regarding a lead plaintiff deadline for a class action lawsuit related to alleged misleading statements and financial risks associated with the company's AI infrastructure strategy [1]. Summary by Relevant Sections Class Action Details - Shareholders who purchased Oracle shares from June 12, 2025, to December 16, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1]. - The deadline for seeking lead plaintiff status is April 6, 2026 [1]. Allegations - The lawsuit alleges that Oracle's management made materially false and misleading statements regarding: 1. The AI infrastructure strategy leading to significant increases in capital expenditures without corresponding near-term revenue growth [1]. 2. Increased spending creating serious risks related to Oracle's debt, credit rating, free cash flow, and project funding [1]. 3. Misrepresentations about the company's business operations and future prospects [1]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case [1]. - Participation in the class action has no cost or obligation for shareholders [1].

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming April 6, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Oracle Corporation ("Oracle†or the "Company†) (NYSE: ORCL) securities between June 12, 2025 and December 16, 2025, inclusive (the "Class Period†). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ORACLE CORPORATION (ORCL), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOIN. ...

LOS ANGELES, Feb. 12, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Oracle Corporation, (“Oracle” or the "Company") (NYSE: ORCL) investors of a class action on behalf of investors that bought securities between June 12, 2025 and December 16, 2025, inclusive (the “Class Period”). Oracle investors have until April 6, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, ...

Welcome back. Big tech companies unveiling plans in recent days to fund the AI buildout. Alphabet's launching tech's first 100year bond since 1997.While Oracle says it's planning to raise up to $50 billion in debt and equity this year. Joining us now to discuss all this is Goldman Sachs head of investment grade credit Johnny Fine. Welcome.Perfect time to have you here. So, h how's the market absorbing all of these financing needs. >> Well, the short answer is incredibly well.uh the Oracle financing priced l ...