12月13日，有媒体在周五称，由于劳动力和材料短缺，甲骨文将推迟与OpenAI相关的数据中心建设， 时间由从2027年推迟到了2028年，但甲骨文随后否认了这一报道。 甲骨文发言人Michael Egbert在一份电子邮件声明中表示："在协议签署后，我们与OpenAI密切协调确定 了选址及交付时间表，并达成一致意见。履行合同承诺所需的任何站点都没有延误，所有里程碑都在正 轨上。他补充称："我们仍然与OpenAI保持完全一致，并对我们履行合同承诺和未来扩张计划的能力充 满信心。"回应发布后，甲骨文(ORCL.N)股价收复部分失地。 责任编辑：安东 美股频道更多独家策划、专家专栏，免费查阅>> ...

Core Viewpoint - The outlook for Oracle in 2026 is expected to be an underperformer compared to other large-cap AI companies due to potential capacity constraints and growth targets that may not be met [3][4]. Group 1: Oracle's Performance and Outlook - Oracle's backlog improved by $63 billion recently, but this creates challenges for future performance expectations [4]. - Despite impressive growth targets, Oracle is likely to fall short, making it difficult to improve its valuation multiple [3]. - The risk of contagion from Oracle to other AI players is considered low, as recent events have helped minimize this risk [2]. Group 2: AI Market Dynamics - The AI market is currently experiencing a downturn, with stocks off by approximately 10-20%, which may be necessary for establishing a market bottom [6]. - There is ongoing optimism around AI, and discussions will shift back to expectations for December earnings and early 2024 [7]. - The fundamentals of AI are expected to improve, indicating that the market is still in the early stages of transformation [8]. Group 3: Pricing and Commoditization - Concerns about the commoditization of AI are linked to pricing strategies, with discussions around a potential 10x annual decline in pricing [10][11]. - However, it is suggested that not all token pricing will decline significantly, and some high-quality tokens may still see growth [12][13]. - The relationship between pricing and usage is highlighted, with the potential for increased usage as prices decrease, similar to trends seen in other tech sectors [11].

美股三大股指收盘下跌，道指跌0.5%，纳指跌1.69%，标普500指数跌1.07%。甲骨文跌超4%，报道称 甲骨文公司已将其为OpenAI准备的一些数据中心的完工日期从2027年推迟至2028年，甲骨文则声明称 对OpenAI的合同承诺无延迟。博通跌超11%，公司CEO称公司目前积压了价值730亿美元的人工智能产 品订单，这些订单将在未来六个季度内交付，这一数字令一些投资者感到失望。 分时量▼ 67.32亿 805.79百万 E 来源：滚动播报 ...

Sema Modi joining us with a statement from the company. Sema, >> uh, Kelly, we were just talking about [music] the story. Oracle spokesperson is refuting the Bloomberg story that Oracle is delaying some of the data centers it is developing for OpenAI. Uh, the spokesperson telling CNBC, "There have been no delays to any sites required to meet our contractual commitments and on and all milestones remain on track. We remain fully aligned with Open AI and confident in our ability to execute against both our con ...

This week was ugly, with big losses for Oracle and Broadcom following earnings reports. Are investors are suffering from FOB—a "Fear of Bubble†? ...

Hey Carl, this is in regards to OpenAI's $300 billion deal with Oracle. Uh reportedly Oracle now some of the data centers for OpenAI will be delayed to 2028 from 2027. Now that's according to Bloomberg attributing the delays to labor and material shortages.Separately, there is a new 10Q that was filed from Oracle that actually shows more data center leases from the company. A credit investor I spoke to tells me that this number increases the likelihood of Oracle going to the debt market sooner than expected ...

【北京·极客公园IF2026】 12月6日，在科技界备受瞩目的极客公园创新大会（GeekParkIF）主舞台上， SandwichLab 创始人兼CEO 郭振宇博士（Dr.Z） 受邀发表主题演讲，并正式公布了公司全新的AI策略 系统——Lexi增长引擎。与此同时，凭借在AI商业化领域的技术突破与全球影响力，SandwichLab 成功 入选极客公园2025 「InnoForce50」，与蚂蚁集团数字科技、Stripe、Kickstarter等国际领先科技企业并 列。 （SandwichLab 郭振宇博士极客公园创新大会演讲） 反共识判断：商业世界不缺流量，缺"真实信号" 在生成式AI大幅降低内容生产成本的当下，郭振宇博士在演讲中提出了一个犀利的"反共识"判断：企业 当前面临的真正挑战，不再是"没有流量"，而是"信号淹没"。 郭振宇博士指出，随着AI内容的爆发式增长，市场噪音呈指数级上升。海量的数据并不等于真相，反 而在掩盖真实的需求信号。在这种环境下，传统的流量打法失效，企业迫切需要的不是生产更多内容， 而是一种更强的"去噪能力" 。 "我们不应让企业在噪音中迷失，"郭振宇博士强调，"AI的价值必须从制造信息 ...

证券研究报告 核心结论 2）模型侧，我们认为多模态能力从根本上降低了大模型的理解、交互和解决实际问题的门槛，从而将其应用范围从 文字世界，极大地拓展至我们身处的这个物理世界，重点关注大模型多模态能力提升。 从"+AI"到"AI+"，AI巨轮破浪前行 ——2026年计算机行业年度策略 西部证券研发中心 2025年12月12日 分析师：郑宏达 S0800524020001 邮箱地址：zhenghongda@research.xbmail.com.cn 分析师：谢忱 S0800524040005 邮箱地址：xiechen@research.xbmail.com.cn 分析师：李想 S0800525040006 邮箱地址：lixiang@research.xbmail.com.cn 分析师：卢可欣 S0800525080006 邮箱地址：lukexin@research.xbmail.com.cn 2025年回顾：1）回顾2025年，年初以DeepSeek为代表的国内AI大模型取得较大突破，计算机行业于2月份走出一 轮显著跑赢大盘的独立上涨行情。4月，外部冲击与内部估值压力形成共振，导致板块出现一轮快速回调。经过调整 ...

Oracle Corp. shares plunged the most in almost 11 months after the company escalated its spending on AI data centers and other equipment, rising outlays that are taking longer to translate into cloud revenue than investors want.Capital expenditures, a metric of data center spending, were about $12 billion in the quarter, an increase from $8.5 billion in the preceding period, the company said Wednesday in a statement. Analysts anticipated $8.25 billion in capital spending in the quarter, according to data co ...

Subscribe to receive this FREE daily commentary directly in your email Please leave this field empty What a strange day. Overnight futures were sharply lower, with the Nasdaq down more than 1.5% at one point and clear signs of nervousness in global markets. Yet all of that anxiety disappeared almost immediately once the cash session opened. The S&P 500 erased an overnight decline of roughly 1% and finished the day higher by about 20 basis points.Those cheap 6,900-strike call options expiring today may hav ...