Oracle(US:ORCL) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-11 13:31Group 1 - The core viewpoint of the news is that U.S. tech stocks are experiencing a significant pre-market decline, particularly Oracle, which is down nearly 13% due to disappointing financial results [1][2] - Oracle's second fiscal quarter results show that both revenue and cloud business income fell short of market expectations, with a quarterly free cash flow (FCF) of -$10 billion [2] - The company's projected annual capital expenditures are expected to exceed previous estimates by approximately $15 billion [2] Group 2 - The five-year credit default swap (CDS) for Oracle has risen to its highest level since 2009, indicating increased credit risk [2] - Other major tech stocks such as NVIDIA, AMD, Intel, Amazon, and Microsoft also experienced declines, with NVIDIA down over 1% and Intel nearly 1% [1][2] - The overall trend in the tech sector reflects a broader market concern, as multiple companies are facing downward pressure in their stock prices [1]