What what what is all this telling [laughter] us. He's talking to Gaia. >> I understand about Thanks for watching everybody.Matt Lenny starts [laughter] right now. What is all this telling us about the AI trade. One of the terms we've used is the sanctity of capex.And I think for a long time people felt like the capex spend was somehow etched in stone as it came down from the mountaintop on one of the you know slabs of Fred Flintstone like granite. it's not etched in stone and I think we're learning that no ...

智通财经APP获悉，周三，三大指数下跌，科技股领跌，特斯拉从高位回落。 【美股】截至收盘，道指跌228.29点，跌幅为0.47%，报47885.97点；纳指跌418.14点，涨幅为1.81%， 报22693.32点；标普500指数跌78.83点，跌幅为1.16%，报6721.43点。特斯拉(TSLA.US)跌超4.6%，英 伟达(NVDA.US)涨3.8%，Circle(CRCL.US)跌超4.5%。甲骨文跌5.4%。 【欧股】德国DAX30指数跌120.01点，跌幅0.50%，报23967.32点；英国富时100指数涨85.72点，涨幅 0.89%，报9770.51点；法国CAC40指数跌20.11点，跌幅0.25%，报8086.05点；欧洲斯托克50指数跌 32.63点，跌幅0.57%，报5685.20点；西班牙IBEX35指数涨6.90点，涨幅0.04%，报16928.80点；意大利 富时MIB指数涨88.02点，涨幅0.20%，报44078.50点。 【亚太股市】日经225指数涨0.26%，韩国KOSPI指数涨1.43%，印尼综合指数跌0.1%。 【外汇】彭博美元指数缩小涨幅，美联储理事沃勒表示支持进 ...

在最新一轮抛售中，甲骨文股价当天再跌约5%，回落至177美元附近，年内涨幅几乎被完全抹平，较9 月高点累计跌幅接近50%。 市场人士指出，这一走势不仅是甲骨文自身的警示案例，也为整个AI交易敲响警钟。当市场开始从"讲 故事"转向追问"利润从何而来"，在巨额资本开支持续扩张的背景下，AI概念股所面临的估值压力，或 许才刚刚开始显现。 甲骨文(ORCL.US)今年的股价走势堪称"教科书级反转"，也为市场展示了人工智能叙事如何在短时间内 急转直下。 年初以来，甲骨文一度是AI概念中的明星股之一。公司股价在3月从170美元一路上涨至250美元，9月 在发布财报后更是出现历史级别的暴涨行情。股价一度冲上345美元，不仅刷新纪录，还在短时间内将 创始人拉里.埃里森推上"全球首富"的位置。 美国财经网站investinglive指出，当时的市场叙事几乎完美。埃里森将甲骨文描绘成整个AI革命的"底层 基础设施提供者"，投资者关注的焦点并非传统意义上的营收，而是剩余履约义务(Remaining Performance Obligations，RPO)。公司披露的订单积压规模一度飙升至4550亿美元，随后甚至被上修至 5230亿 ...

Market Outlook - The stock market is expected to see a third consecutive year of gains, but forecasts suggest a potential decline in 2026, with the S&P 500 projected to finish around 6,500, which is over 3% below its recent close [1][9] - Analysts are generally cautious about stock returns moderating after three years of significant gains driven by AI stocks, with concerns about a potential AI bubble impacting market leaders [3] Historical Context - Historical trends indicate that midterm election years tend to be challenging for stocks, with increased volatility and poor performance since 1950 [4] - Leadership changes at the Federal Reserve have historically coincided with market turbulence, raising concerns about the potential impact of political pressures on the Fed's independence [5][6] Sector Analysis - The tech sector, particularly AI-related stocks, is under scrutiny as investors reassess valuations and spending on AI infrastructure after a prolonged bull market [7] - Broadcom's recent earnings report exemplifies the high expectations for AI beneficiaries, as despite exceeding estimates, the stock fell significantly, indicating market pressures on AI stocks [8][10]

Core Viewpoint - The volatility in Oracle Corp.'s stock has led to significant movements in newly launched leveraged ETFs, highlighting investor reactions to funding concerns related to a major data center project [1][2][3]. Group 1: Stock Performance and ETF Reactions - Oracle shares fell 4.8% amid news of stalled funding talks for a $10 billion data center, leading to contrasting performances in its ETFs [1][2]. - The Direxion Daily ORCL Bear 1X ETF (ORCS) gained 4.7%, while the Direxion Daily ORCL Bull 2X ETF (ORCU) dropped 9.6% [2]. - Over the past month, Oracle's stock has declined 18.3%, despite an 8.2% year-to-date gain [3]. Group 2: Funding and Debt Concerns - Blue Owl Capital's withdrawal from backing Oracle's Michigan data center is attributed to concerns over Oracle's rising debt and AI infrastructure spending [3]. - Oracle disputes the report, stating that negotiations for the equity deal are progressing as planned [4]. - The company has disclosed $248 billion in lease obligations for data centers, a 148% increase since August, with net debt reaching $105 billion [7]. Group 3: ETF Inflows and Performance - ORCS has attracted $2.68 million in net flows over the past month, with a one-month return of nearly 17% [5]. - ORCU has seen stronger inflows of $24.71 million despite a nearly 33% decline over the past month, now managing $16.7 million in assets [6].

Market Overview - Major stock indices experienced a decline, with the Nasdaq falling by 418.14 points (1.8%) to 22,693.32, the S&P 500 down by 78.83 points (1.2%) to 6,721.43, and the Dow decreasing by 228.29 points (0.5%) to 47,885.97 [2] - The decline was attributed to renewed weakness in stocks, particularly in the tech sector, highlighted by Oracle's significant drop [2] Company-Specific Developments - Oracle's stock plummeted by 5.4% to a six-month closing low following a report that its largest data center partner, Blue Owl Capital, would not support a $10 billion deal for a new facility in Michigan, although Oracle stated the project is still progressing [3] - Other major tech companies, including Nvidia, Broadcom, and Advanced Micro Devices, also experienced notable declines [3] Sector Performance - Semiconductor stocks faced severe losses, with the Philadelphia Semiconductor Index dropping by 3.8% [4] - The NYSE Arca Computer Hardware Index fell by 3.1%, indicating considerable weakness in computer hardware stocks [4] - Networking stocks also declined significantly, while sectors outside of tech, such as airlines, brokerages, and housing, showed notable weakness [4] Energy Sector - In contrast, energy stocks performed strongly as crude oil prices rebounded from their lowest levels since early 2021, following President Trump's order for a blockade of sanctioned oil tankers in Venezuela [5] International Markets - In the Asia-Pacific region, stocks mostly rose, with Japan's Nikkei 225 Index increasing by 0.3% and China's Shanghai Composite Index jumping by 1.2% [6] - European markets showed mixed results, with the U.K.'s FTSE 100 Index up by 0.9%, while the French CAC 40 Index fell by 0.3% and the German DAX Index decreased by 0.5% [6] Bond Market - Treasuries showed a lack of direction, closing roughly flat, with the yield on the benchmark ten-year note slightly increasing to 4.151% [7] Future Outlook - Trading on Thursday is expected to be influenced by a report on consumer price inflation and its implications for interest rates [8]

US stocks fell on Wednesday as investors weighed what the latest data means for the Fed's interest rate policy, with tech stocks under pressure as Oracle (ORCL) slid. The Nasdaq Composite (^IXIC) sank about 1.8%, as the tech-led sell-off accelerated into the close. The S&P 500 (^GSPC) fell over 1%, as tech weakness returned emphatically. The Dow Jones Industrial Average (^DJI) lost around 0.5%, after US stocks finished mixed in Tuesday's session.  AI trade worries rattled tech stocks again following a F ...

An anxious market, a turbulent tech trade, and what to do about it. Let's ask our panel. Trivariates Adam Parker, High Tower Stephanie Link, I Capitalap Shanali Bassic.Adam and Stephanie are both CNBC contributors. It's great to have everybody with us. Chanali, I'll turn to you first because you're sitting with me right here at Post 9 at the New York Stock Exchange.What's going on in this market. >> You know, it's interesting. We've been saying for months, right, that the tech trade would get more selective ...

An anxious market, a turbulent tech trade, and what to do about it. Let's ask our panel. Trivariates Adam Parker, High Tower Stephanie Link, I Capitalap Shanali Bassic.Adam and Stephanie are both CNBC contributors. It's great to have everybody with us. Chanali, I'll turn to you first because you're sitting with me right here at Post 9 at the New York Stock Exchange.What's going on in this market. >> You know, it's interesting. We've been saying for months, right, that the tech trade would get more selective ...

但甲骨文回应称该项目的谈判仍然按计划进行，整体推进情况符合预期。 据媒体周三援引消息人士报道，Blue Owl此前一直在与贷款方及甲骨文洽谈，计划投资位于密歇根州 Saline Township的一个规划容量达1GW的数据中心。然而，随着谈判陷入停滞，Blue Owl原计划安排高 达100亿美元融资并进行大额股权投资的协议将无法推进。这座数据中心原计划为OpenAI提供服务。 来源：环球市场播报 甲骨文公司（Oracle）周三尾盘重挫6%，此前有报道称该公司雄心勃勃的人工智能基础设施扩张计划遭 遇重大挫折，其最大的数据中心合作伙伴Blue Owl Capital已决定不再支持一项价值100亿美元的数据中 心项目。 ...