9月14日，甲骨文盘中下跌5.35%，报142.58美元/股，成交额11.39亿美元。
消息面上，多重利空叠加压制股价。摩根士丹利最新报告维持甲骨文中性评级和210美元目标价，明确指出云基础设施收入占比持续上升将带来整体毛利率结构性下行压力，AI基础设施业务的毛利率和自由现金流转化是估值能否改善的关键变量。同日，据报道甲骨文已启动新一轮裁员，部分团队裁员比例或达两位数，此前公司已将重组计划总成本上调至约28亿美元，追加7亿美元主要用于遣散补偿。此外，Q1财报虽云业务收入增长121%超预期，但第一财季自由现金流为负54亿美元，资本支出达285亿美元，市场对烧钱节奏的担忧持续发酵。此前股价冲高8.5%后即转跌，获利回吐压力延续至本交易日。
（以上内容均基于市场公开消息，由程序或算法智能生成，仅作为股价异动提醒，不作为投资建议或交易依据。）
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