12月12日热门中概股涨跌不一 贝壳涨3.00%，BOSS直聘跌3.34% 周四油价回落，市场重新聚焦乌克兰和平谈判 现货黄金涨0.46%，报4227.37美元/盎司 欧洲股市上涨 对经济前景的信心增强驱动资金进入周期股 来源：环球市场播报 欲览更多环球财经资讯，请移步7×24小时实时财经新闻 市场 12月12日收盘：美股涨跌不一道指创历史新高 甲骨文拖累纳指收跌 12月12日美股成交额前20：甲骨文财报重燃AI科技股估值担忧 公司 逢低买盘推动标普500指数创下收盘新高 博通营收展望强劲 宏观 阿根廷政府公布"期中成绩单" 甲骨文周四暴跌超10% 公司季度营收低于预期 博通Q4业绩超预期：AI芯片销售将翻倍 净利飙升97% 与迪士尼达成合作同日 OpenAI推出"幻觉更少"的新模型 OpenAI发布更先进模型GPT-5.2 CEO预测明年1月解除红色警报 迪士尼同意向OpenAI投资10亿美元并达成授权协议 Lululemon业绩承压超一年 CEO麦克唐纳将卸任 苹果在Epic Games反垄断案中赢得部分制裁撤销 报道：英伟达将举办关于数据中心供电短缺问题的活动 Rivian发布定制芯片+AI模型 为新一 ...

Group 1: Key Developments in the Industry - Disney announced a $1 billion investment in OpenAI to accelerate the application of artificial intelligence in entertainment content creation and user experience optimization [2] - Microsoft CEO Satya Nadella announced the launch of a new AI model, enhancing intelligent agents, and established partnerships with high-profile companies to accelerate the commercialization of autonomous AI applications [2] - Google is expected to face fines from the EU due to violations related to Google Play, with potential penalties to be announced in Q1 2026, while also opening an AI lab in the UK [2] Group 2: Financial Performance and Corporate Actions - Adobe reported record revenue of $6.19 billion for Q4, with adjusted earnings per share of $5.50, exceeding market expectations, driven by strong performance in digital media and creative software [2] - ZTE is in communication with the U.S. Department of Justice regarding ongoing matters, with timely disclosures to follow based on progress [4] - Nandu Power's controlling shareholder is planning a change in control, leading to a suspension of trading from December 12 [4] Group 3: Market Trends and Challenges - TSMC reported a 6.5% month-over-month revenue decline in November, raising concerns about further declines in December, while announcing a minimum dividend of 24 yuan for the next year [5] - Tesla's U.S. sales fell to a near four-year low in November despite launching lower-priced versions of Model Y and Model 3 [7] - Oracle's Q2 adjusted revenue was $16.06 billion, slightly below analyst expectations, with cloud revenue at $8 billion, also missing forecasts [8] Group 4: Strategic Partnerships and Innovations - Samsung Electronics is adjusting its Galaxy S26 series strategy, postponing production of standard and Plus models to early 2026, while launching a new fast-charging accessory [10] - Toyota announced the use of Wolfspeed's SiC MOSFET devices in its electric vehicle charging systems to enhance efficiency [10] - LG Electronics plans to showcase a localized AI cockpit platform at CES 2026, focusing on smart vehicle interaction technology [10]

Core Viewpoint - Oracle's stock fell over 13% intra-day following a disappointing sales and earnings forecast, alongside an announcement of an additional $15 billion in spending, raising concerns about the short-term returns on AI investments [1] Financial Performance - Adjusted profit for the current quarter is projected between $1.64 to $1.68 per share, below analyst expectations of $1.72 [2] - Revenue growth is forecasted at 16% to 18%, which is lower than the anticipated 19.4% [2] - For the fiscal second quarter, Oracle reported adjusted earnings of $2.26 per share on revenue of $16.06 billion, missing forecasts of $1.64 and $16.19 billion respectively [2] Revenue Breakdown - Cloud infrastructure revenue increased by 68% to $4.08 billion [3] - Software revenue decreased by 3% to $5.9 billion, primarily due to a significant 21% drop in new license sales [3] - Remaining performance obligations surged by 438% to $523 billion, indicating a substantial increase in future contracted revenue [3]

Market Overview - Major market benchmarks, including the S&P 500 and Dow Jones Industrial Average, set new record highs, reflecting investor enthusiasm about the economic outlook for 2026 [1][2] - The Nasdaq Composite remained in negative territory, indicating mixed performance across major indices [2] Stock Performance - **Dow Jones Industrial Average**: Increased by 1.34%, gaining 646 points [3] - **S&P 500**: Rose by 0.21%, adding 14 points [3] - **Nasdaq Composite**: Decreased by 0.25%, losing 50 points [3] Top Stock Losers - **Oracle (ORCL)**: Experienced a significant drop of 11% after reporting quarterly earnings that, while better than expected, did not meet investor revenue expectations despite a 14% overall sales growth [5][6] - **Robinhood Markets (HOOD)**: Fell by 9% following a report showing a 37% decline in equity trading volumes, marking the first monthly drop in assets under custody in nine months [7][8] Top Stock Gainers - **Planet Labs (PL)**: Surged by 35% after reporting a 33% year-over-year revenue increase to $81 million and a 361% rise in remaining performance obligations to $672 million, indicating strong demand for its AI-enabled services [9][10] - **Hecla Mining (HL)**: Increased by 12.56% as silver prices climbed above $64 per ounce, with expectations for further gains due to its inclusion in the S&P MidCap 400 index and the metal's role as an inflation hedge [11][12]

Market Overview - The Dow is up approximately 670 points, while the S&P 500 is up about 0.2%, and the NASDAQ is down about 0.3% [1] - Investors are looking beyond big tech and the AI trade following the Fed's third consecutive rate cut [9] Oracle's Performance - Oracle's stock is facing significant declines due to concerns over AI buildout and missed earnings expectations [2][67] - The company has a substantial commitment to OpenAI, but there are doubts about OpenAI's ability to fulfill its financial commitments, leading to concerns about Oracle's future revenue [70][75] Crypto Regulation Developments - Executives from major banks, including Bank of America and Wells Fargo, are meeting with lawmakers to discuss comprehensive crypto legislation [3][4] - The focus of the discussions includes bank permissibility and interest paid on crypto, with banks aiming to influence the legislation [5][6] Federal Reserve Insights - The Fed has revised its GDP growth forecast for next year to 2.3%, with inflation expected to fall to 2.5% and unemployment holding at 4.4% [35][39] - Economists express skepticism about the Fed's projections, suggesting that growth could be higher than anticipated due to strong productivity trends [36][41] AI Market Dynamics - There are concerns about an AI bubble, with only two of the MAG 7 outperforming the broader market index [23] - Analysts suggest that capital is leaking out of the AI trade, and companies like Oracle may struggle to maintain their market positions due to overleveraging [24][25] Adobe's AI Integration - Adobe reported record revenue and cash flows, with a forecast of over 10% growth in annual recurring revenue, driven by the integration of AI into its software [102][104] - The company is focusing on innovation and investing in AI capabilities to enhance its product offerings [106][110]

Market Overview - Oracle's stock price dropped nearly 11%, negatively impacting the Nasdaq index, while the Dow Jones reached an intraday record high of 48765.34 points [1] - As of the market close, the Dow Jones increased by 646.26 points (1.34%) to 48704.01 points, while the Nasdaq fell by 60.30 points (0.25%) to 23593.86 points [1] - European stock indices showed positive performance, with Germany's DAX30 up by 188.41 points (0.78%) and the UK's FTSE 100 up by 44.97 points (0.47%) [1][2] Economic Indicators - U.S. wholesale inventories increased by 0.5% in September, the fastest growth since February, driven by non-durable goods [4] - The inventory-to-sales ratio for wholesalers rose to 1.29, indicating a slight increase in inventory levels compared to August [4] Federal Reserve and Regulatory Changes - The Federal Reserve reappointed 11 regional Fed presidents for five-year terms, alleviating concerns about personnel uncertainty [5] - The Financial Stability Oversight Council (FSOC) will focus on easing financial regulations to promote economic growth, as stated by U.S. Treasury Secretary Mnuchin [5] Corporate Developments - Tesla's U.S. sales fell to their lowest level in nearly four years, with a year-on-year decline of nearly 23% in November [7] - Apple successfully persuaded a U.S. appeals court to modify parts of a previous ruling regarding its App Store practices, although most of the contempt findings were upheld [8] - Rivian is developing its own AI chips to replace Nvidia's technology in future vehicles, aiming to enhance autonomous driving capabilities [10] Stock Ratings - Morgan Stanley lowered the target price for Meta Platforms from $820 to $750 [11] - KeyBanc reduced Oracle's target price from $350 to $300, citing concerns over its short-term outlook following the second-quarter earnings report [11]

The financial markets were rattled on Thursday, 11 December 2025, as Oracle Corporation's stock plummeted by as much as 11.5 per cent in premarket trading.The sell-off was triggered by the release of the company's Q2 2026 earnings report the previous evening, Wednesday, 10 December 2025, which failed to meet Wall Street's lofty expectations.The plunge, which occurred in the premarket on the stock exchange, immediately sent shockwaves through the tech-heavy Nasdaq, creating a ripple effect that wiped more th ...

Market Overview - The U.S. stock market closed mixed, with the S&P 500 and Dow Jones reaching all-time highs, while the tech-heavy Nasdaq underperformed due to Oracle's disappointing earnings report [1] - Oracle's stock plummeted by 10.8% after its quarterly guidance fell short of analyst expectations, raising concerns about its significant investments in AI cloud services [1] - The Dow Jones rose by 646.26 points (1.34%) to 48,704.01, while the Nasdaq fell by 60.30 points (0.25%) to 23,593.86, and the S&P 500 increased by 14.31 points (0.21%) to 6,900.99 [3] Economic Indicators - The Federal Reserve lowered the benchmark interest rate by 25 basis points, with Chairman Powell indicating a pause in further rate cuts, which eased investor sentiment [2] - Initial jobless claims rose to 236,000, exceeding market expectations of 220,000, highlighting ongoing concerns about employment [2] Sector Performance - Among the 11 sectors of the S&P 500, healthcare rose by 0.95%, industrials by 1.06%, real estate by 0.49%, and financials by 1.84%, while energy fell by 0.42% [3] Notable Stock Movements - Major tech stocks mostly declined, with Google A down 2.43%, Nvidia down 1.55%, and Tesla down 1.01%, while Meta rose by 0.4% and Microsoft by 1.03% [4] - Disney's stock increased by 2.4% after announcing a $1 billion investment in OpenAI, alleviating some market concerns regarding the AI sector [4] - The Nasdaq Golden Dragon China Index fell by 0.09%, with mixed performances among Chinese stocks [4] Company News - OpenAI launched the GPT-5.2 series model, which surpasses previous versions in various capabilities, including reasoning and financial modeling [6] - Eli Lilly reported that its new weight loss drug can help participants lose nearly a quarter of their body weight, exceeding market expectations [7] - Tesla's U.S. sales in November dropped to a near four-year low, with a year-over-year decline of nearly 23% [8] - Apple successfully overturned parts of a court order related to its App Store practices in an antitrust case [9] - Broadcom reported a fourth-quarter net profit of $9.71 billion, a 39% year-over-year increase, with revenue of $18.01 billion, up 28% [10]

Group 1 - Larry Ellison's net worth decreased by $24.9 billion in one day due to Oracle's stock price plummeting nearly 11% following disappointing revenue conversion from AI data center investments [1] - Oracle's capital expenditures for AI data center construction have surged, raising concerns about the pace of commercialization of its AI infrastructure [1][3] - Ellison's wealth has been impacted as he pledged financial backing for his son David Ellison's $10.8 billion acquisition of Warner Bros. Discovery, which is supported by $41 billion in new equity funding [1][2] Group 2 - The market anticipates that the $30 per share offer for Warner Bros. Discovery may not be the final bid, indicating a potential escalation in competition with Netflix [2] - Ellison currently has approximately $34.8 billion in cash and equivalents, primarily from Oracle stock sales, but some assets are illiquid, complicating the assessment of available funds [2] - About 30% of Ellison's Oracle shares are pledged for personal debt, an increase of approximately 25% from the previous year [2] Group 3 - Oracle's capital expenditures reached $12 billion last quarter, raising concerns about spending outpacing revenue generation [3] - The cost of Oracle's debt default insurance has risen to a two-year high, with Morgan Stanley projecting that adjusted net debt could triple by fiscal year 2028 [3] - Despite the recent stock price drop, Ellison's wealth is still $94.9 billion higher than a year ago, highlighting the volatility and transformation pressures faced by tech giants in the AI capital-intensive cycle [3]

Core Viewpoint - Oracle's stock price declined after its mixed FY2026 Q2 earnings report, but the company is strategically transforming with AI integration, positioning itself for long-term leadership in the industry [2]. Financial Performance - Oracle reported $16.06 billion in net revenue for FY2026 Q2, reflecting a nearly 14% increase year-over-year, although it was 80 basis points below consensus expectations [6]. - The company's cloud revenue grew by 34%, with Infrastructure as a Service (IaaS) up by 68% and Software as a Service (SaaS) up by 11%. Notably, multicloud services surged by 817%, highlighting Oracle's strength in this area [6]. Strategic Initiatives - Oracle's commitment to chip neutrality and the sale of its in-house chip design business, Ampere, allows for exclusive use of third-party technologies, which is expected to drive demand for companies like NVIDIA, AMD, and Broadcom [3]. - The embedding of AI across Oracle's entire product stack is anticipated to drive robust long-term growth, with analysts forecasting nearly 50% upside potential from current price levels [4][6]. Market Context - The results from other companies in the AI and cloud sectors, such as NVIDIA and Salesforce, indicate a strong market momentum and accelerating global adoption of cloud and AI services, which are expected to grow faster than traditional infrastructure [3].