Oracle’s AI “power” play depends on everyone believing that the lights will stay on long enough for the money to show up. The company wants to be the one keeping the world’s biggest AI models plugged in — racing to build out infrastructure that OpenAI, Meta, and others say they need — and Oracle has the contracts, the backlog, and the talking points to prove it. But this quarter’s earnings, for the second quarter of the 2026 fiscal year, just made it painfully clear that the grid is wired to a very nervou ...

北京时间12月11日，美股三大指数开盘涨跌不一，截至发稿，纳指跌近1%，道琼斯指数涨0.54%，标普500指数跌0.45%。甲骨文跌14%，公司第二财季营 收、云业务收入均不及市场预期。甲骨文2026财年第二财季报告显示，公司营收为161亿美元，同比增长14%；GAAP净利润为61亿美元，同比增长57%。 财报显示，公司第二季度自由现金流为-100亿美元。公司用于衡量订单规模的"剩余履约义务"在该季度跃升至5230亿美元，超出市场预期。甲骨文高管在 财报电话会上称，预计年度资本开支将比原来预料的多出大约150亿美元。 （文章来源：上海证券报） | | | 23:10 191.750J | 100 | | --- | --- | --- | --- | | | | 23:10 191.747J | 150 | | | | 23:10 191.750个 | 100 | | | | 23:10 191.750 | 886 | | 186.230 | | -16.49% 23:10 191.760↑ | 50 | | MACD | DIF :- 0.005 DEA :- 0.089 M:0.169 | 23:10 1 ...

Market Overview - The Nasdaq Composite fell 0.7%, primarily impacted by losses in technology stocks, while the S&P 500 decreased by 0.4%. In contrast, the Dow Jones Industrial Average rose by 0.3%, benefiting from its blue-chip composition with fewer tech names [1][19]. - The market had initially rallied following the Federal Reserve's latest rate cut, but Oracle's disappointing earnings report dampened investor sentiment [2][19]. Economic Signals - Weekly jobless claims increased to 236,000, exceeding expectations, after previously reaching a three-year low during Thanksgiving week. The upcoming delayed November jobs report is anticipated to influence market direction [5][10][19]. - Fed Chair Jerome Powell indicated that a January rate hike is unlikely, attributing past inflation spikes to "one-time" factors, which adds a layer of complexity to market expectations [2][10][19]. Technology Sector Performance - Oracle's earnings report revealed a significant miss on cloud revenue targets and announced a $15 billion increase in data-center spending, leading to a 13.79% drop in its stock price, erasing billions in market value [12][19]. - Nvidia also experienced a decline, with shares falling 3.29%, amid concerns regarding the sustainability of AI-driven investments in light of slowing revenue growth [12][19]. - The tech sector is under scrutiny as investors reassess expectations for major players like Nvidia and Broadcom, particularly in the context of AI and cloud infrastructure investments [14][19]. Market Dynamics - The divergence in market performance reflects a defensive rotation, with investors shifting towards safer blue-chip industrials, financials, and consumer stocks, which helped the Dow rise despite struggles in tech-heavy indices [9][10][19]. - The broader market remains sensitive to signals from tech earnings, balancing optimism from the Fed's rate cuts with caution stemming from corporate spending [6][16][19]. Upcoming Events - The market is expected to remain volatile with the upcoming jobs report and earnings announcements from companies like Broadcom, Costco, and Lululemon, which could further influence market sentiment [11][16][19].

Market Overview - Initial jobless claims reported at 236,000, with the trade deficit narrowing to $52.8 billion [1] - The market is experiencing a healthy rotation, particularly within the technology sector, rather than a broad sell-off [3][4] Company-Specific Insights - Oracle's market reaction is viewed as a sign of rational exuberance, indicating a healthy market environment despite its stock being under pressure [2][4] - Broadcom's upcoming earnings are anticipated to shift market narratives, especially in the TPU space, which is seeing increased interest [5] Federal Reserve and Market Dynamics - The market is struggling to break above the key resistance level of 6900, which is crucial for bullish sentiment [6] - A healthy rotation is noted, with potential for a rally if growth and value sectors continue to attract positive inflows [7] Geopolitical Factors - Mexico's Senate approved a 50% tariff on certain goods starting in 2026, impacting trade relations with China and other countries [12][13] - This move could lead to retaliatory actions from China, affecting commodities like copper and automotive parts [15][16] Commodity Market Trends - Copper and silver prices are rising, driven by a weaker dollar and increased retail buying, with silver up 3% and copper up 1.7% [18][23] - Upcoming elections in Chile, a major copper producer, could influence copper mining stocks positively [22]

美科技股普跌。 当地时间12月11日，美股三大股指开盘涨跌不一，截至发稿，道指上涨0.38%，标普500指数下跌0.72%，纳指下跌1.38%。 | 0 △ ■ 03 | 价格 = | 涨跌幅 = | | --- | --- | --- | | 道琼斯指数 | 48241.30 | +0.38% | | .DJI | | | | 标普500指数 | 6836.81 | -0.72% | | .SPX | | | | 纳斯达克综合指数 | 23328.86 | -1.38% | | .IXIC | | | | 纳斯达克中国金龙指数 | 7692.42 | -1.13% | | HXC | | | 当地时间12月10日（周三），美联储宣布下调基准利率25个基点，从当前的3.75%—4%区间降至3.5%—3.75%区间。这是美联储连续第3次宣布降息，累 计降息幅度75个基点。 周三盘后，甲骨文公司公布了第二财季财报。财报显示，该公司营收、云业务收入均不及市场预期。 具体来看，甲骨文第二财季调整后营收161亿美元，预估162.1亿美元，去年同期140.59亿美元。云业务销售额增长34%，达到79.8亿美元；云基础设施 ...

摩根大通私人银行最新观点称，美联储将在2026年再次降息25个基点，这低于当前市场预期的约50个基点。 不过， 汇丰证券预计美联储明后两年都不会降息 ，其利率将维持稳定在3.5%—3.75%区间。 热门个股方面，甲骨文开盘大跌，截至发稿，该股跌超14%，总市值蒸发超900亿美元。 | 美科技股普跌。 | | --- | 当地时间12月11日，美股三大股指开盘涨跌不一，截至发稿，道指上涨0.38%，标普500指数下跌0.72%，纳指下跌1.38%。 | 0 E 0 | য | 价格 = | 涨跌幅 = | | --- | --- | --- | --- | | 道琼斯指数 | | 48241.30 | +0.38% | | .DJI | | | | | 标普500指数 | | 6836.81 | -0.72% | | SPX | | | | | 纳斯达克综合指数 | | 23328.86 | -1.38% | | .IXIC | | | | | 纳斯达克中国金龙指数 | | 7692.42 | -1.13% | | .HXC | | | | 当地时间12月10日（周三），美联储宣布下调基准利率25个基点，从当前 ...

Economic Data - Initial jobless claims in the U.S. increased by 44,000 to 236,000, marking the largest increase since March 2020 [4] - U.S. imports in September were $342.1 billion, up from $340.4 billion, while exports were $289.3 billion, up from $280.8 billion, resulting in a trade deficit that narrowed to the lowest level since 2020 [4] Federal Reserve Outlook - Major banks including JPMorgan, Morgan Stanley, and Citigroup predict that the Federal Reserve will cut interest rates again in January [5] - The Federal Reserve recently lowered the federal funds rate target range by 25 basis points to between 3.50% and 3.75% [4] Market Reactions - The Nasdaq China Golden Dragon Index fell by 0.9%, with notable declines in stocks such as Bilibili and Alibaba [3] - Oracle's stock dropped over 15% after the company announced a $15 billion increase in its FY2026 capital expenditure forecast [2]

Group 1 - Oracle's stock dropped over 13% to $193.84 following its Q2 earnings report, which showed a 14% revenue growth to $16.1 billion, aligning closely with market expectations [1] - The adjusted earnings per share (EPS) of $2.26 exceeded market expectations, while cloud computing sales grew by 34% to $7.98 billion, and infrastructure revenue surged by 68% to $4.08 billion, although both figures were slightly below analyst forecasts [1] - A significant factor in profit growth was a $2.7 billion pre-tax gain from the sale of shares in chip manufacturer Ampere Computing, but this one-time gain raised concerns about the sustainability of core business profitability and cash flow [1] Group 2 - Despite the record backlog of cloud computing orders at $523 billion, concerns arose regarding the actual conversion of these orders into profits, as the growth rate of cloud business was below expectations [2] - Increased capital expenditures led to negative free cash flow, contributing to the sharp decline in Oracle's stock price post-earnings report [2] - Major financial institutions like UBS and Bank of America quickly downgraded Oracle's target price, while Morgan Stanley placed the stock under "cautious review," indicating a shift in market focus towards the quality of earnings and the realization of backlog orders [2]

| | | 标普500[SPX] 2025-12-11 22:50 | | 价格 = 均线 | | | | --- | --- | --- | --- | --- | --- | --- | | 6925.34 | | | | | | 0.56% | | 6915.68 | | | | | | 0.42 % | | 6906.01 | | | | | | 0.28% | | 6896.35 | | | | | | 0.14 % | | 6886.68 | | | | | | 0.00 % | | 6877.01 | | | | | | 0.14% | | 6867.35 | | | | | | 0.28 % | | 6857.68 W | | | | | | 0.42 % | | 6848.02 | | | | | | 0.56% | | | 22:30 | 24:00 | 02:00 | 03:30 | 05:00 | | | 9215万 | | | | | | | | 6911万 | | | | | | | | 4607万 | | | | | | | | 2304万 | | | | | | | | C | ...

MicroStockHub / Getty Images Larry Ellison, executive chair and chief technology officer, founded Oracle Corp. (NYSE: ORCL) in 1977. Recently, it has become a tech behemoth, largely because of its key position in the burgeoning artificial intelligence (AI) business. His net worth, according to the Bloomberg Billionaire list, is $283 billion, which makes him the second-richest person in the world. That net worth has risen by $91 billion since the start of the year, largely because of Oracle's success. 24/ ...