甲骨文5530亿美元在手订单:AI基建最好的消息里藏着最大的风险

硅步run
Mar 12

甲骨文(Oracle)昨天刚发了一份让华尔街集体松口气的财报。2026财年第三季度营收172亿美元,同比增长22%,公司自己说这是“15年来最强单季”。在手订单(RPO)5530亿美元,同比暴增325%。盘后股价大涨超10%。说华尔街松口气,不是因为订单大。是因为甲骨文在财报里说了一句话:这些大型AI合同里,很多设备要么由客户预付款采购GPU,要么由客户自己买GPU交给甲骨文——甲骨文预计不需要...

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