Oracle(US:ORCL) Di Yi Cai Jing Zi Xun·2025-10-08 00:17Market Overview - The three major US stock indices fell, ending the S&P 500's seven-day winning streak, driven by concerns over the profitability outlook of artificial intelligence [1] - The Dow Jones Industrial Average dropped 91.99 points, or 0.20%, closing at 46,602.98 points; the Nasdaq fell 153.30 points, or 0.67%, to 22,788.36 points; and the S&P 500 decreased by 25.69 points, or 0.38%, to 6,714.59 points [1] Company-Specific Developments - Oracle's stock fell by 2.52%, with a significant intraday drop exceeding 7%, due to its cloud business's profit margins being much lower than analysts' expectations and losses in some Nvidia chip leasing transactions [2] - The Philadelphia Semiconductor Index declined by 2.06%, with notable drops in major chip stocks: TSMC down 2.77% and Micron Technology down 2.76% [3] - Tesla's stock decreased by 4.45% after the company released more affordable versions of the Model Y SUV and Model 3 sedan, disappointing investors who anticipated news on other new products [3] - Other tech giants also saw declines: Google down 1.86%, Microsoft down 0.87%, Meta down 0.36%, Nvidia down 0.35%, and Apple down 0.08% [4] Market Sentiment and Economic Factors - Concerns over capital expenditures are prevalent, with investors questioning the return on investment in new technologies, particularly in the AI sector [4] - The Nasdaq Golden Dragon China Index fell by 2.24%, with significant declines in major Chinese stocks such as Baidu down 4.12% and Alibaba down 3.13% [4] - Gold futures prices surpassed $4,000 for the first time, driven by increased demand for safe-haven assets amid uncertainties surrounding the US government shutdown [5][6] - Spot gold rose by 0.59% to $3,984.14 per ounce, while COMEX gold futures increased by 0.71% to $4,004.80 per ounce [6]