股价暴跌,市场对甲骨文“AI惩罚”是否反应过度?

正商研究院
Dec 21, 2025

DAILY NEWS市场担忧的直接原因在于甲骨文近期公布的激进投资计划。该公司上周宣布,计划在截至明年5月31日的本财年内,为人工智能数据中心相关项目投入约500亿美元。这一数字不仅比华尔街预期高出150亿美元,较上一财年支出规模也大幅增长40%。更令投资者不安的是,甲骨文联席首席执行官克莱·马古伊尔在电话会议上拒绝透露公司需要多少资金来弥补自有收入与AI投资计划之间的缺口。面对分析师关于资金缺口...

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