AI泡沫担忧持续 甲骨文信用风险指标创2009年以来新高

Core Viewpoint - The rising debt default risk indicators for Oracle Corporation reflect investor concerns about an artificial intelligence bubble, exacerbated by significant bond issuance by tech giants [1] Group 1: Debt Default Risk Indicators - The five-year credit default swap (CDS) for Oracle has risen to approximately 128.1 basis points, the highest level since March 2009 [1] - The CDS increased nearly 3 basis points in a single day and has more than doubled from a low of 36 basis points in June of this year [1] Group 2: Market Concerns - Oracle has issued hundreds of billions of dollars in debt in recent months, both in its own name and for supported projects [1] - The surge in CDS costs indicates deep market concerns about the disconnect between massive capital investments in AI and the actual returns [1] Group 3: Analyst Warnings - Analysts, such as Hans Mikkelsen from TD Securities, warn that the current market exuberance resembles previous market frenzies, which often lead to unsustainable asset price increases followed by declines [1] - Mikkelsen notes that while he cannot definitively prove the current situation is identical to the internet bubble, the similarities are striking [1]