Oracle(US:ORCL) 美股IPO·2026-01-10 03:34Core Viewpoint - Notable investor Michael Burry is converting his skepticism about the AI boom into a substantial short position against Oracle Corporation (ORCL.US) [1][3] Group 1: Michael Burry's Position - Burry has disclosed holding put options on Oracle stock, indicating a bearish outlook as the value of these options increases when the underlying asset price declines [3] - He has also directly shorted Oracle over the past six months and previously revealed short positions against AI chip giant Nvidia (NVDA.US) and data company Palantir (PLTR.US) [3] Group 2: Oracle's Financial Situation - Oracle's stock price has experienced significant volatility, having surged 36% in a single day last September due to optimistic forecasts for its cloud business and signals of increased AI demand [4] - However, the stock has since dropped approximately 40% from its September peak by the end of last year, as investor focus shifted to rising capital expenditures and debt associated with data center expansion [4] - The company currently has outstanding debt of about $95 billion, making it the largest corporate bond issuer outside of the financial sector in Bloomberg's high-rated index [4] Group 3: Burry's Investment Strategy - Burry avoids shorting large tech companies with business models extending beyond AI, citing Meta, Alphabet, and Microsoft as examples [5] - He believes these companies will likely manage spending and absorb losses from overcapacity while maintaining dominance in their core businesses [5] - Burry expressed willingness to short OpenAI at a $500 billion valuation, highlighting his broader skepticism regarding the pace and economic viability of AI investments [6]