Zhong Guo Ji Jin Bao·2025-12-18 00:28Core Viewpoint - Oracle's significant stock drop has triggered a collective decline in major tech stocks, with the Nasdaq falling over 400 points, reflecting investor concerns about the company's debt levels and spending [2][3][7]. Group 1: Market Performance - The three major U.S. stock indices closed lower, with the Dow Jones down 0.47%, the S&P 500 down 1.16%, and the Nasdaq down 1.81% [3][4]. - The Nasdaq China Golden Dragon Index fell by 0.73%, with notable declines in Alibaba, JD Group, and Bilibili [12]. Group 2: Oracle's Situation - Oracle's stock dropped by 5.41% after a major investor withdrew from a $10 billion data center project in Michigan, raising concerns about the company's financial health [6][7]. - Blue Owl Capital's withdrawal was attributed to market worries regarding Oracle's debt levels and expenditure, although Oracle denied the report and stated that the project is still progressing [7]. Group 3: Broader Tech Sector Impact - Major tech stocks experienced declines, with Tesla down 4.62%, Nvidia down 3.81%, and Google down 3.14% [9][11]. - Google is reportedly enhancing its AI chip capabilities to better support PyTorch, aiming to challenge Nvidia's dominance in the AI chip market [9]. - Amazon announced a restructuring of its AI-related project teams, integrating its general AI team with its chip development and quantum computing research [10]. Group 4: IPO and Commodity Market - Medline's IPO saw a first-day increase of 41.38%, raising $6.26 billion, indicating strong investor interest in healthcare-related stocks [15]. - International gold prices and crude oil rebounded, with gold prices rising by 0.82% and crude oil prices increasing by nearly 3% due to geopolitical risks and strong demand [17][18].