Core Viewpoint - Datavault AI Inc. announces the distribution date of the Dream Bowl 2026 Meme Coin to eligible shareholders on December 24, 2025, as a gesture of appreciation for its partnership with Scilex Holding Company [1][4]. Group 1: Distribution Details - The distribution of the Meme Coin will occur on December 24, 2025, for eligible shareholders of Datavault AI and Scilex [1]. - Detailed instructions regarding wallet setup, token acquisition, and distribution process will be mailed to shareholders around December 12, 2025 [2]. - Eligible recipients must open a digital wallet with Datavault AI and sign an Opt-In Agreement to receive the Meme Coin [3]. Group 2: Token Characteristics - The Meme Coin is a digital collectible intended for personal, non-commercial use related to the Dream Bowl XIV event on January 11, 2026 [5]. - The coin does not confer any rights such as equity, voting rights, dividends, or profit-sharing in Datavault AI or any other entity [5]. - The Meme Coin will be tradable on Datavault AI's proprietary platform, Information Data Exchange, with trading expected to start around January 11, 2026 [6]. Group 3: Company Overview - Datavault AI is a leader in data monetization, credentialing, and digital interaction technologies, operating within the Web 3.0 environment [7]. - The company provides comprehensive solutions across various industries, including sports, entertainment, biotechnology, and fintech, leveraging patented technologies in audio and data science [7].

Core Viewpoint - Oracle has denied reports of delays in its data center construction related to OpenAI, asserting that all milestones are on track and that they are in close coordination with OpenAI [1] Group 1 - Reports indicated that Oracle would delay the construction timeline from 2027 to 2028 due to labor and material shortages [1] - Oracle spokesperson Michael Egbert stated that there are no delays in the required sites for fulfilling contract commitments and that all milestones are on schedule [1] - Following the denial of the delay reports, Oracle's stock price recovered some losses [1]

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].

Market Overview - The three major U.S. stock indices closed lower, with the Dow Jones down 0.5%, the Nasdaq down 1.69%, and the S&P 500 down 1.07% [1] Company-Specific Developments - Oracle's stock fell over 4% after reports indicated that the completion date for some data centers prepared for OpenAI has been postponed from 2027 to 2028. However, Oracle stated that there is no delay in its contractual commitments to OpenAI [1] - Broadcom's stock dropped over 11% as the CEO mentioned that the company currently has $73 billion worth of backlog in AI product orders, which are expected to be delivered over the next six quarters. This figure disappointed some investors [1]

Core Viewpoint - Oracle is refuting claims of delays in developing data centers for OpenAI, asserting that all contractual commitments and milestones are on track [1][2]. Group 1 - Oracle's spokesperson stated that there have been no delays to any sites required to meet contractual commitments with OpenAI [1]. - The company remains fully aligned with OpenAI and is confident in executing future expansion plans [1][2]. - This situation pertains to Oracle's significant $300 billion deal with OpenAI [1]. Group 2 - Following Oracle's statement, the stock experienced a slight recovery, though it was still down approximately 2.8% [2][3]. - Oracle's credit default swaps have shown a loose correlation with the stock's performance [3].

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

Group 1 - OpenAI's $300 billion deal with Oracle is facing delays, with some data centers now expected to be operational by 2028 instead of 2027 due to labor and material shortages [1] - Oracle's recent 10Q filing indicates an increase in data center leases, suggesting a higher likelihood of Oracle entering the debt market sooner than previously anticipated, potentially as early as next year [2] - Oracle's shares have declined by 5% after a 10% drop the previous day, with a noted correlation between the stock price and the rising credit default swap rates [3]

【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 ...

Core Conclusions - The report highlights significant breakthroughs in domestic AI large models, particularly with DeepSeek, which led to a notable independent rally in the computer industry in early 2025, outperforming the market [5][12] - The computer sector experienced a rapid recovery in revenue growth and profit margins during the first three quarters of 2025, with total revenue reaching 832.94 billion yuan, a year-on-year increase of 10.50%, and net profit increasing by 47.77% [17][21] - Public fund holdings in the computer sector decreased to 2.6% in Q3 2025, indicating a low allocation but potential for future increases as AI technology continues to develop [25][29] 2025 Review - The computer industry saw a significant performance recovery, with a cumulative increase of 14.05% by December 11, 2025, ranking 17th among 31 primary industries [13][12] - The emergence of DeepSeek's R1 model marked a milestone in domestic AI, significantly lowering deployment barriers and accelerating AI application [32][38] - The overall gross margin for the computer industry was 20.73%, reflecting a slight decline, but cost control measures were effective, reducing the combined expense ratio by 2.08 percentage points [21][24] 2026 Outlook - Continued growth in capital expenditures (CapEx) from major domestic and international companies is expected, with a focus on AI computing power [113][114] - The report anticipates a significant increase in the adoption of enterprise-level AI applications, driven by top-level policies and the proliferation of AI agents [8][9] - The development of multi-modal capabilities in large models is expected to expand their application range significantly, moving beyond text to physical world interactions [7][8]

Core Viewpoint - Oracle Corp. shares experienced a significant decline due to increased spending on AI data centers and equipment, which is taking longer to convert into cloud revenue than investors anticipated [1]. Financial Performance - Capital expenditures for the quarter reached approximately $12 billion, up from $8.5 billion in the previous period, exceeding analysts' expectations of $8.25 billion [2]. - Oracle now projects capital expenditures to total around $50 billion for the fiscal year ending in May 2026, a $15 billion increase from prior forecasts [3]. - Total revenue for the quarter grew by 14% to $16.1 billion, with cloud sales increasing by 34% to $7.98 billion and infrastructure revenue rising by 68% to $4.08 billion, although these figures fell short of analysts' estimates [7][15]. Market Reaction - Oracle's stock fell 11% to $198.85, marking the largest single-day drop in nearly 11 months, and the stock has lost about a third of its value since reaching a record high on September 10 [4]. - The company's credit risk reached a 16-year high, with the cost of protecting its debt against default rising significantly [8]. Strategic Developments - Oracle is heavily investing in data center infrastructure to support AI initiatives, including partnerships with companies like OpenAI, TikTok, and Meta [6]. - The company reported a significant increase in remaining performance obligations, which rose more than fivefold to $523 billion, slightly above analysts' expectations [9]. Debt and Cash Flow - Oracle's cash burn increased, resulting in a negative free cash flow of $10 billion, with total debt amounting to approximately $106 billion [12]. - The cost of protecting Oracle's debt against default has risen, reflecting declining investor confidence in the company's credit quality [8]. Future Outlook - Oracle's management expects total revenue to increase by 19% to 22% in the current period, with cloud sales projected to rise by 40% to 44%, aligning with analysts' estimates [17].