今夜 甲骨文史诗级暴跌！

Core Insights - The U.S. stock market showed mixed performance, with the Dow Jones reaching a historic high due to a 25 basis point rate cut by the Federal Reserve, while the Nasdaq fell over 1% primarily due to Oracle's disappointing earnings report [2][5] - Oracle's stock plummeted by 16%, leading to a market capitalization loss of $102 billion, as its cloud revenue fell short of expectations and it raised its capital expenditure guidance significantly [2][3] Company Performance - Oracle reported quarterly revenue of $16.1 billion, a 14% year-over-year increase, but its cloud infrastructure revenue of $4.1 billion was slightly below analyst expectations [2] - The company's capital expenditures reached $12 billion, exceeding market expectations by 44%, raising concerns about the sustainability of its AI investments [2][5] Market Reactions - Analysts expressed concerns over Oracle's ability to meet its future commitments, reigniting fears about tech stock valuations and the potential return on massive AI infrastructure investments [3][5] - Following Oracle's earnings report, other AI-related tech stocks experienced significant declines, reflecting a broader market caution regarding AI spending [3][5] Broader Economic Context - The S&P 500 index approached a historical high, buoyed by the Federal Reserve's rate cut and optimistic economic outlook from Chairman Powell, despite some dissent among Fed officials [5] - Market sentiment has shifted, with investors becoming more cautious about AI-related expenditures compared to earlier in the year when any mention of increased capital spending was met with enthusiasm [5]