Core Insights - Wall Street is experiencing a "Great Rotation," with investors moving away from high-flying technology stocks towards smaller companies and defensive sectors due to factors like "AI capex fatigue," a resilient U.S. economy, and expectations of a less-dovish Federal Reserve [1][3][10] Investment Trends - The five largest U.S. cloud and AI infrastructure providers, including Microsoft, Alphabet, Amazon, Meta, and Oracle, are projected to spend between $660 billion and $690 billion in capital expenditures by 2026, nearly doubling the spending levels of 2025 [2] - Pure-play AI companies like OpenAI and Anthropic are experiencing strong revenue growth, but their combined revenues do not match the significant infrastructure investments made in them [2] Market Performance - Approximately 65% of S&P 500 stocks are outperforming the index, indicating a broadening market breadth not seen in years, suggesting leadership is expanding beyond just mega-cap tech [4][10] - The State Street SPDR Portfolio S&P 500 Value ETF (SPYV) has increased by about 1.1% over the past month, while the State Street SPDR S&P 500 ETF Trust (SPY) has declined by 1.8% during the same period [5] Sector-Specific ETFs - The State Street Consumer Staples Select Sector SPDR Fund (XLP) has gained about 10% over the past month and 9.6% over the past year, indicating strong performance in non-cyclical sectors [6] - The First Trust Utilities AlphaDEX Fund (FXU) has risen by 7.8% in the past month and 22.9% over the past year, benefiting from the demand for utilities amid the AI boom [7] - The Vanguard High Dividend Yield ETF (VYM) has added approximately 4.7% over the past month, with an annual yield of 2.24%, appealing to investors seeking income in a volatile market [8] Small-Cap Performance - Small-cap stocks have outperformed large-cap stocks this year, supported by a domestic focus, dollar strength, and an improving earnings outlook, with the S&P SmallCap 600 index expected to return to positive growth in 2025 [11]

Core Insights - ReGrow Israel partners with Oracle Agriculture Data Intelligence to enhance agricultural recovery and resilience in Israel [1] - The platform integrates satellite imagery, ground data, and sensor feeds to provide real-time insights into soil conditions, crop progress, and water usage [1] - Oracle's AI models can forecast crop yields, detect threats, and quantify risks, aiding strategic agricultural planning [1] Company Overview - ReGrow Israel is a national initiative aimed at supporting the recovery and resilience of Israeli farmers, established by the NGO Volcani International Partnerships in collaboration with Mishkey HaNegev [1] - Oracle provides integrated applications and autonomous infrastructure through its cloud services, focusing on modern solutions for complex societal challenges [1] Industry Context - The Israeli agriculture sector has faced significant challenges over the past two years, emphasizing the resilience of farmers and organizations like ReGrow Israel [1] - The partnership with Oracle aims to optimize farming practices and improve productivity for future agricultural seasons [1]

Group 1 - Loomis Sayles Global Growth Fund focuses on high-quality companies with competitive advantages and long-term growth drivers, aiming for attractive cash flow and sustained value for investors [1] - The Fund reported a return of -3.05% in Q4 2025, underperforming the MSCI ACWI Index Net, which returned 3.29% [1] - The Fund's strategy includes maintaining coverage of high-quality businesses to take advantage of significant price dislocations [1] Group 2 - Oracle Corporation is highlighted as a key investment, recognized as a leader in the enterprise software market with strong positions in database, infrastructure, application software, and cloud services [3] - As of February 12, 2026, Oracle's stock closed at $156.48, with a one-month return of -18.11% and a twelve-month decline of 10.15% [2] - Oracle has a market capitalization of $449.738 billion, and its competitive advantages include a large sales force, a founder-driven management team, and high client retention rates in the mid-90% range [3]

Core Insights - The City of Atlanta is modernizing its constituent services by expanding its partnership with Oracle and Deloitte, selecting Oracle Permitting and Licensing (OPAL) to enhance city planning, zoning, permitting, code enforcement, and inspections [1] - This initiative aims to streamline citizen services, reduce processing times, and support economic growth in Atlanta, which is projected to see a 30% population increase by 2050 [1] - The implementation of Oracle Fusion Cloud Applications has already led to increased productivity, cost reductions, and improved financial controls, with expected savings of $17.5 million over a 10-year period [1] Group 1: Project Overview - The City of Atlanta is adopting a unified IT approach by consolidating permitting within existing cloud infrastructure, which will minimize disparate systems and reduce maintenance overhead [1] - The project aims to enhance transparency and tracking for staff, businesses, and residents, automate reviews and workflows, and minimize approval bottlenecks [1] - Mayor Andre Dickens emphasized the project's importance in delivering affordable housing and creating inclusive neighborhoods [1] Group 2: Technology and Partnerships - Oracle Fusion Cloud Applications, including ERP, EPM, and HCM, are being utilized to improve financial reporting, planning, and HR processes, providing a comprehensive suite of AI-powered applications [1] - Deloitte has been a trusted advisor to the City of Atlanta for nearly nine years, leading the implementation of the current ATLcloud ERP solution, which positions them well for the new permitting system [1] - The collaboration between Deloitte and Oracle aims to leverage government and AI expertise to create a community-centric, data-driven approach for operational excellence [1]

此外，衡量需求强劲程度的另一项指标——新债溢价(即投资者购买新债相比该公司现有证券所获得的 额外收益率，也称新发行折让)今年平均仅为0.02个百分点，即2个基点。去年这一数字为3.3个基点。 截至本周三，美国高评级证券的风险溢价(即利差)今年已收窄0.03个百分点至0.75个百分点，接近数十 年来的最低水平。Wealth Enhancement Group投资组合咨询总监Ayako Yoshioka表示，如此高的估值几乎 没有进一步改善的空间，她对信贷市场持中性展望。 她表示："我们没有看到任何看跌的催化剂，但考虑到利差目前的水平，看涨的空间也非常有限。" 智通财经APP注意到，据LSEG Lipper数据显示，在截至周三的一周内，美国债券投资者再次向高评级 债券基金注资43亿美元，这已是连续第11周录得资金流入。随着投资者争相买入仍能提供可观收益率的 债券，此类资金流入趋势持续强劲。 在 1月份投资级债券基金创下433亿美元(五年来最大月度流入量)的纪录后，近期资金继续涌入短期和中 期投资级债券基金。持续的资金流入为今年企业债发行市场的需求提供了有力支撑。 2026年至今，高评级公司已发行约3090亿美元的 ...

Group 1 - Amazon's stock has entered a technical bear market after falling for eight consecutive trading days, marking it as the second company in the Mag7 to do so, with a closing price of $199.60, down 21.4% from recent highs [1] - Amazon is projected to have the highest capital expenditure among major cloud service providers, with plans to spend $200 billion by 2026, contributing to concerns over AI spending and investor confidence [1] - Meta is at risk of becoming the next Mag7 member to enter a bear market, with its stock only 2.3% away from the bear market threshold, despite exceeding revenue and earnings expectations in Q4 [1] Group 2 - Investors are rotating within the Mag7, highlighting a growing divergence among its members, with a shift away from Microsoft, Nvidia, and Oracle towards Alphabet and Broadcom [3] - Alphabet's vertically integrated technology stack has helped mitigate concerns over excessive spending, resulting in a smaller decline of 9.2% from recent highs [3] - Increased AI spending by Amazon, Microsoft, and Meta has raised doubts about their ability to generate sufficient returns, with Amazon potentially facing negative free cash flow this year [4] Group 3 - The next significant catalyst for AI investments is expected to be Nvidia's earnings report on February 25, which will indicate whether the AI boom is cooling or if Nvidia has successfully captured substantial investments from its largest clients [4]

Core Viewpoint - A class action lawsuit has been filed against Oracle Corporation, alleging securities fraud and unlawful business practices related to its AI infrastructure strategy and financial disclosures [1]. Summary by Relevant Sections Class Action Details - Investors who suffered losses in Oracle securities are encouraged to contact Pomerantz LLP to join the class action, with a deadline to apply as Lead Plaintiff by April 6, 2026 [1]. - The lawsuit claims that Oracle and its executives made misleading statements regarding the company's capital expenditures and revenue growth expectations [1]. Allegations of Misleading Statements - The complaint alleges that Oracle's AI infrastructure strategy would lead to significant increases in capital expenditures without corresponding near-term revenue growth [1]. - It is claimed that Oracle's increased spending poses risks to its debt, credit rating, free cash flow, and project funding capabilities [1]. Impact of Analyst Reports - On September 24, 2025, S&P Global Ratings indicated that OpenAI could account for over one-third of Oracle's total revenues by fiscal 2028, raising concerns about OpenAI's ability to meet contractual obligations [1]. - Following a "Sell" rating from Rothschild & Co. Redburn on September 25, 2025, Oracle's stock price fell over 5%, with a price target set at $175, indicating a potential 40% decline [1]. Financial Performance and Stock Reactions - Oracle's Q2 fiscal year 2026 results showed revenue growth below analyst expectations, with capital expenditures exceeding estimates and negative free cash flow exceeding $10 billion, leading to an 11% drop in stock price [1]. - Reports on December 12, 2025, indicated delays in data center completion for OpenAI, further suggesting potential revenue growth delays, which contributed to additional stock price declines [1]. - On December 17, 2025, it was reported that Blue Owl Capital withdrew funding for a $10 billion data center project due to concerns over Oracle's spending and rising debt, resulting in a further 5% drop in stock price [1].

Core Viewpoint - Concerns over the disruptive potential of artificial intelligence (AI) have led to a decline in major stock indices, with the Nasdaq falling by 2% and the S&P 500 and Dow Jones also experiencing significant drops [1][4]. Group 1: Market Performance - The Dow Jones index closed down 1.34% at 49,451.98 points, the S&P 500 index fell 1.57% to 6,832.76 points, and the Nasdaq index dropped 2.03% to 22,597.15 points [4]. - Major technology stocks saw declines, with Apple down 5%, erasing its gains for the year, and Nvidia down 1.64% [9]. Group 2: Sector Impact - The introduction of AI tools has negatively impacted various sectors, including software companies, publishers, and financial services, raising concerns about potential business model replication and profit margin erosion [5]. - Financial stocks, such as Morgan Stanley, faced pressure due to fears that AI could disrupt wealth management services [5]. - Trucking and logistics companies, like C.H. Robinson, saw a 14% drop in stock price as AI is expected to optimize freight operations, potentially reducing revenue sources [5]. Group 3: Real Estate and Defensive Sectors - The real estate sector is also affected, with concerns that higher unemployment rates will reduce demand for office space, leading to declines in stocks like CBRE and SL Green Realty [6]. - Investors are shifting towards more defensive sectors, with Walmart and Coca-Cola seeing stock price increases of 3.8% and 0.5%, respectively [7]. - In the S&P 500, the consumer staples and utilities sectors outperformed, both rising over 1%, with the consumer staples sector reaching a historical closing high [8].

Market Overview - The three major indices closed lower, with the Dow Jones down 1.34% at 49,451.98 points, the S&P 500 down 1.57% at 6,832.76 points, and the Nasdaq down 2.03% at 22,597.15 points [2] - Concerns over AI tools disrupting various sectors, including software companies, publishers, and financial services, have led to significant market volatility [2] Sector Performance - Financial stocks, including Morgan Stanley, faced pressure due to fears that AI could disrupt wealth management [2] - Trucking and logistics companies, such as C.H. Robinson, saw a 14% drop in stock price amid concerns that AI could optimize freight operations and reduce revenue sources [2] - The real estate sector is also affected, with stocks like CBRE and SL Green Realty declining due to anticipated higher unemployment impacting office space demand [3] - Defensive sectors saw gains, with Walmart and Coca-Cola rising 3.8% and 0.5%, respectively [3] Stock Movements - Major tech stocks experienced declines, with Nvidia down 1.64%, Apple down 5.00%, and Microsoft down 0.63% [5] - Chinese stocks listed in the U.S. also fell, with the Nasdaq Golden Dragon China Index down 3.00% [5] Company News - The European Union has initiated another antitrust investigation into Google, focusing on potential illegal manipulation of search engine advertising pricing [6][7] - OpenAI launched its first AI model based on Cerebras Systems chips, aiming to compete in the AI programming assistant market [8] - AI company Anthropic raised $30 billion in funding, reaching a valuation of $380 billion, with investments from Coatue and GIC among others [9][10] - Google released an updated version of its Gemini 3 model, targeting applications in science and engineering [11] - Intel was fined 273.8 million rupees by India's Competition Commission for violating competition laws [12]

NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Oracle Corporation ("Oracle" or the "Company") (NYSE: ORCL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Oracle investors who were adversely affected by alleged securities fraud between June 12, 2025 and December 16, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/oracle-corporation-lawsuit-su ...