Oracle(US:ORCL) 智通财经网·2025-12-11 22:20Group 1 - Larry Ellison's net worth decreased by $24.9 billion in one day due to Oracle's stock price plummeting nearly 11% following disappointing revenue conversion from AI data center investments [1] - Oracle's capital expenditures for AI data center construction have surged, raising concerns about the pace of commercialization of its AI infrastructure [1][3] - Ellison's wealth has been impacted as he pledged financial backing for his son David Ellison's $10.8 billion acquisition of Warner Bros. Discovery, which is supported by $41 billion in new equity funding [1][2] Group 2 - The market anticipates that the $30 per share offer for Warner Bros. Discovery may not be the final bid, indicating a potential escalation in competition with Netflix [2] - Ellison currently has approximately $34.8 billion in cash and equivalents, primarily from Oracle stock sales, but some assets are illiquid, complicating the assessment of available funds [2] - About 30% of Ellison's Oracle shares are pledged for personal debt, an increase of approximately 25% from the previous year [2] Group 3 - Oracle's capital expenditures reached $12 billion last quarter, raising concerns about spending outpacing revenue generation [3] - The cost of Oracle's debt default insurance has risen to a two-year high, with Morgan Stanley projecting that adjusted net debt could triple by fiscal year 2028 [3] - Despite the recent stock price drop, Ellison's wealth is still $94.9 billion higher than a year ago, highlighting the volatility and transformation pressures faced by tech giants in the AI capital-intensive cycle [3]