摩根士丹利称，甲骨文公司向新墨西哥州大型数据中心开发商发出不可抗力通知，令相关贷款与租赁文件再度受到审视，也让计划通过债务市场融资建设AI基础设施的企业面临更多挑战。
分析师林赛·泰勒与维什瓦斯·帕特卡等人周五在研报中写道：“我们预计，仍存在大量在建或完工风险、且承租方资质偏弱的交易，受影响程度最高。与之相对，接近稳定运营、建设风险较低的资产，受该类问题冲击会更小。”
计划筹集数十亿美元建设人工智能基础设施的企业，本就面临借款成本走高、供给充裕推高风险溢价，以及美国各地不断涌现的数据中心反对声浪。分析师表示，甲骨文此举意在规避新墨西哥数据中心延期产生的相关费用，为本已承压的市场增添了合同层面的不确定性。
研报指出：“核心问题在于，这仅仅是孤立纠纷，还是会形成可供其他承租方援引的先例。如果另一家头部云厂商采取类似行动，或将对市场产生更大影响，促使市场对合同保障条款展开全面重估。”
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