SoftBank Group shares fell sharply on Thursday after Oracle's weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market lower. Oracle said its revenue and operating income for the latest quarter came in slightly below analysts' expectations, while also raising its spending forecas ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 降息反成"坑"？ 美联储昨晚降息且表示扩表，没想到反而成了诱多因子。今天早上，亚太主要股市皆高开，但随后全线跳 水。同时，标普500指数期货跌幅扩大至1%，纳斯达克100指数期货下跌1.5%。虚拟货币也集体下跌， 比特币再度跌破9万美元大关，其余主要币中全线大幅走弱。 那么，究竟发生了什么？分析人士认为，主要有三个原因： 一是，甲骨文公司股价盘后暴跌达11.5%，加深了市场对于AI泡沫的担忧； 二是，美联储虽然降息，但"点阵图"维持2026年只有一次降息的预测； 三是，最近市场都在反应日本央行加息。今早，更有日本央行前官员预计，到2027年或将有四次加息。 "黑天鹅"甲骨文 美东时间周三盘后，美股科技巨头甲骨文股价暴跌11.55%。 隔夜美股盘后，甲骨文公司公布了令人失望的财报。该公司近期大规模的人工智能订单可能需要更长时间 才能兑现。甲骨文第二财季财报显示，云业务销售额增长34%，达到79.8亿美元；公司备受关注的基础 设施业务收入增长68%，至40.8亿美元。但这两个数字均略低于分析师的预期。公司在周三的声明中表 ...

Core Viewpoint - U.S. stock futures are trading lower, with several companies reporting earnings that may influence investor sentiment today [1] Company Summaries - **Ciena Corp. (NYSE:CIEN)**: Expected to report quarterly earnings of $0.77 per share on revenue of $1.28 billion. Shares rose 1.2% to $224.50 in after-hours trading [1] - **Oracle Corp. (NYSE:ORCL)**: Reported second-quarter revenue of $16.06 billion, missing estimates of $16.21 billion. Adjusted earnings grew 54% year-over-year to $2.26 per share, exceeding estimates of $1.64 per share. Shares dipped 11.5% to $197.30 in after-hours trading [1] - **Broadcom Inc. (NASDAQ:AVGO)**: Analysts expect quarterly earnings of $1.86 per share on revenue of $17.1491 billion. Shares fell 0.8% to $409.70 in after-hours trading [1] - **Adobe Inc. (NASDAQ:ADBE)**: Reported better-than-expected fourth-quarter earnings and projected fiscal 2026 GAAP EPS of $17.90 to $18.10, surpassing the $16.56 analyst estimate. Shares slipped 0.8% to $340.40 in after-hours trading [1] - **Costco Wholesale Corp. (NASDAQ:COST)**: Expected to report quarterly earnings of $4.28 per share on revenue of $67.17 billion. Shares gained 0.1% to $875.28 in after-hours trading [1]

Market Overview - Global markets strengthened with all major U.S. indices rising, led by small-cap stocks. Volatility eased and Treasury yields slightly decreased, indicating a more stable tone [3] - Commodity performance was mixed, with gold rising and oil showing slight weakness. International markets displayed uneven performance, with Germany outperforming the UK, France, and the Eurozone, while Japan saw moderate gains [3] Company-Specific Insights - **Amazon (AMZN)**: Stock price decreased by 1.39% to $228.56 as investors locked in gains amid a cooling tech sector. E-commerce momentum slowed, and increased competition in cloud services contributed to the pullback, although the long-term fundamentals for AWS and logistics remain supportive [4] - **GameStop (GME)**: Stock price fell by 5.8% to $22.12 due to weak quarterly performance and ongoing softness in core gaming demand. The company's revenue missed expectations, and declines in hardware and software sales intensified market sentiment, compounded by uncertainty surrounding its transformation strategy [4] - **Oracle (ORCL)**: Stock price increased by 1.48% to $223.01, despite a slight revenue miss and concerns over significant spending on AI cloud infrastructure. The stock plummeted 10% in after-hours trading due to revenue and profit forecasts falling short of analyst expectations, alongside an announcement of an additional $15 billion investment in AI infrastructure, raising concerns about future capital expenditures [4] Index Performance - S&P 500 rose by 0.6749% to $6,886.68 - Dow Jones increased by 1.0460% to $48,057.75 - Nasdaq 100 index gained 0.4198% to $25,776.437 - Russell 2000 climbed 1.5100% to $2,559.61 - VIX decreased by 6.8517% to 15.77, indicating reduced volatility [5] Economic Indicators - U.S. futures showed mixed performance after a strong start, with technology stocks exerting pressure on market sentiment. The overall tone remains selective as investors balance mixed earnings signals with easing volatility [6] - The VIX index reflects a more stable market environment, positioned between 16-17, indicating reduced volatility compared to recent peaks [7] - The dollar index weakened slightly as the market reassessed interest rate expectations and macroeconomic policies [7] - Upcoming key U.S. economic data (employment, inflation) is expected to significantly influence bond volatility and equity momentum [8]

巴克莱：将甲骨文(ORCL.US)目标价从330美元下调至310美元。 ...

Core Insights - Oracle shares fell 13% due to massive spending and weak forecasts, raising doubts about the returns on AI investments [1] - The company's fortunes are closely tied to OpenAI, with concerns that competitors like Google are advancing faster [2] - Investors are worried about Oracle's debt levels, leading to increased demand for credit-default swaps as a hedge against default [3] Financial Performance - Oracle has incurred approximately $10 billion in cash burn in the first half of its fiscal year due to AI investments [5] - The company could lose over $90 billion in market value if current losses persist [5] - Larry Ellison's net worth could decrease by more than $30 billion due to Oracle's stock performance [5][6] Market Trends - The tech sector is experiencing a selloff, with other AI-related stocks like Nvidia and AMD also declining between 3.1% and 4.2% [6] - There is growing concern that the AI investment frenzy may resemble a bubble similar to the 1990s dot-com boom [7] - OpenAI's valuation of around $500 billion raises questions as it continues to operate at a loss and has not clarified funding for its $1 trillion AI spending commitments by 2030 [7]

Core Viewpoint - Oracle's shares opened nearly 12% lower in Frankfurt, reflecting a decline in U.S. after-hours trading due to the company's sales and profit forecast falling short of analyst expectations [1] Group 1 - Oracle's forecast for sales and profit did not meet analyst estimates, leading to a significant drop in share price [1]

IT之家 12 月 11 日消息，Oracle 甲骨文在美国股市昨日收盘后公布了 2026 财年第二财季的财务数据。整体来看该企业的表现不如外界分析师预期，其股价 因此在盘后交易时段出现了超过 11% 的显著跌幅。 在截至 2025 年 10 月 30 日的三个月中，Oracle 总收入为 160.6 亿美元，低于 162.1 亿美元的分析师平均估计；67 亿美元的 Non-GAAP 营业收入也不及华尔 街 68 亿美元的普遍看法。 Oracle 预计，该企业 FY2026Q3 的收入增幅将落在 16~18% 区间，不及预期的 19.4%；FY2026Q3 调整后每股净利润为 1.64~1.68 美元，而分析师预估为 1.72 美元；该企业报告剩余履约总额为 5230 亿美元，但分析师估计为 5260 亿美元。 Oracle 还宣布，其 2026 财年的资本支出总额将从今年 9 月预估的 350 亿美元上调至 500 亿美元。 ...

那么，究竟发生了什么？分析人士认为，主要有三个原因： 美联储昨晚降息且表示扩表，没想到反而成了诱多因子。今天早上，亚太主要股市皆高开，但随后全线 跳水。同时，标普500指数期货跌幅扩大至1%，纳斯达克100指数期货下跌1.5%。虚拟货币也集体下 跌，比特币再度跌破9万美元大关，其余主要币中全线大幅走弱。 一是，甲骨文公司股价盘后暴跌达11.5%，加深了市场对于AI泡沫的担忧； 二是，美联储虽然降息，但"点阵图"维持2026年只有一次降息的预测； 三是，最近市场都在反应日本央行加息。今早，更有日本央行前官员预计，到2027年或将有四次加息。 但相比12月降息，对未来更重要的事情：一是美联储决定扩表（首月购买400亿美元），这比预期来得 更快，直接有利于市场流动性；二是明年初新主席即将被提名，虽然到明年6月才会换届，但市场利率 可以提前根据新主席表态来交易新的路径，进而通过市场利率变化来影响资产甚至实体经济。 短期内，降息被充分计入且降息暂停预期都可能使得美债和美元变动有限，不过扩表有望直接提供流动 性，更利好美股和短债。明年初等待新主席提名后，宽松预期再度回归。 美东时间周三盘后，美股科技巨头甲骨文股价暴跌11 ...

Group 1 - Oracle Corp. is significantly increasing its capital expenditures by $15 billion for fiscal 2026 to address a record backlog of $523 billion, with an additional $4 billion in sales expected by fiscal 2027 due to faster backlog conversion [1][2][4] - The company reported a mixed second quarter, achieving a 54% increase in adjusted EPS to $2.26, but falling short of revenue expectations at $16.06 billion [2][4] - Oracle's remaining performance obligations (RPO) surged by 433% year-over-year, reaching $523 billion, indicating strong future revenue potential [2][3] Group 2 - To convert its substantial backlog into revenue, Oracle plans to rapidly enhance its infrastructure, with fiscal 2026 CapEx projected to be $15 billion higher than earlier forecasts [3][4] - Despite concerns over free cash flow, which was negative $10 billion for the quarter, management remains optimistic about future revenue growth, raising the fiscal 2027 outlook by $4 billion [4][5] - Analysts view Oracle's increased spending as a strategic move, positioning the company as a key player in AI infrastructure, despite short-term volatility in stock performance [5][6] Group 3 - Following the mixed Q2 results, Oracle's shares fell by 11.53% in after-hours trading, although they have increased by 33.83% year-to-date [7] - The stock has shown a strong long-term trend but a weaker short- to medium-term performance, reflecting market concerns about its valuation [7]