甲骨文曾是华尔街的 AI 宠儿 如今却面临现实考验.pdfVIP

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/tech/oracle-was-an-ai-darling-on-wall-street-then-reality-set-in-0d173758

TECHNOLOGY

OracleWasanAIDarlingonWall

Street.ThenRealitySetIn.

甲⾻⽂曾是华尔街的AI宠⼉如

今却⾯临现实考验

ShareshavelostgainsfromaSeptemberAI-fueledpop,andthe

company’sdebtloadisgrowing

股价已抹去9⽉⼈⼯智能热潮带来的全部涨幅，公司债务规模持续

攀升

ByPeterRudegeairFollow,NateRattnerFollowandSebastianHerrera

作者：PeterRudegeair、NateRattner和SebastianHerreraFollow

Nov.19,20259:00pmET

东部时间

若有侵权，请联系删除。公众号：趣享财经

AStargateAIdatacenterinAbilene,Texas,acollaborationofOracle,OpenAIandSoftBank.

KYLEGRILLOT/BLOOMBERGNEWS

得克萨斯州阿⽐林的Stargate⼈⼯智能数据中⼼，由甲⻣⽂、OpenAI与软银

合作运营。KYLEGRILLOT/BLOOMBERGNEWS

Oraclehasnevergivenupgainsthisbig,thisfast.

甲⾻⽂公司从未如此迅速地失去这般巨额收益

Investorsnervousaboutthescaleofcapitalthattechnologycompaniesare

plowingintoartificial-intelligenceinfrastructurerattledstocksthisweek.

Oraclehasbeenoneofthecompanieshardesthit.

对科技公司⼤举投资⼈⼯智能基础设施所需资⾦规模的担忧令本周股市震荡不安。

软件巨头甲⾻⽂成为受冲击最严重的公司之⼀。

Sharesinthesoftwarecompanypoppedmorethan30%inSeptemberwhenthe

companydiscloseda$317billionrevenuebacklog.TheWallStreetJournallater

reportedthatmostofitcamefromadealwithOpenAI.Sincethen,Oraclehas

lostallofthatgroundandthensome.

去年9⽉，该公司披露3170亿美元积压订单时股价曾暴涨超30%。《华尔街⽇

报》随后报道称，其中⼤部分来⾃与OpenAI的交易。但此后甲⾻⽂股价不仅回吐

全部涨幅，还进⼀步下挫。

Percentagechangefromall-timehighs,selectAI-related

stocks

0%Dateofall-timehigh

Broadcom–8.2%

−10Nvidia