国家知识产权局信息显示，甲骨文国际公司取得一项名为"计算环境中增强的异常检测"的专利，授权公 告号CN114503081B，申请日期为2020年10月。 作者：情报员 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 ...

Cantor Fitzgerald将甲骨文的目标价从320美元下调至266美元，仍维持"增持"评级。(格隆汇) ...

Market Analysis by covering: Oracle Corporation. Read 's Market Analysis on Investing.com ...

OpenAI新一轮融资规模已成为决定AI板块交易逻辑的关键变量。最新传言称融资额或高达1700亿美元，但英伟达已澄清 出资规模不及预期，直接冲击供应商甲骨文3000亿美元合同履约。为填补缺口，OpenAI正寻求巨头支持：软银洽谈追加 投资最高300亿美元，亚马逊也在接触参与本轮融资。 硬·AI 作者 | 董 静 编辑 | 硬 AI 分析指出， 如今，随着核心投资方出资意愿的调整，投资者开始质疑OpenAI是否有能力支付这笔天文数 字般的费用，以及甲骨文将其全额计入账目的会计处理是否审慎。 报道指出，目前，甲骨文正面临两难境地： 一方面需通过发行股票筹集资金以捍卫其投资级信用评级，另 一方面则需应对股价自去年9月高点腰斩后的股东稀释担忧。 01 融资规模存在巨大不确定性 OpenAI本轮融资的最终规模，是决定AI产业链资金流向的"胜负手"。 2月2日，社交平台X上流传出的最新市场传闻称，OpenAI下一轮融资额可能高达1500亿至1700亿美元， 这一乐观预期被视为整个AI综合体（AI complex）能否继续飙升的燃料。 OpenAI能否顺利完成新一轮巨额融资，已不仅是其自身的生存问题，更成为了决定整个AI板 ...

Core Viewpoint - The ability of OpenAI to secure a new round of substantial financing is not only critical for its survival but also a key variable influencing the trading logic of the entire AI sector [1]. Group 1: Financing Uncertainty - OpenAI's upcoming financing round is expected to be between $150 billion and $170 billion, which could significantly impact the AI complex's growth trajectory [2]. - The actual progress of the financing is uncertain, as Nvidia's internal doubts have stalled a previously disclosed intention to invest up to $100 billion in OpenAI [3]. - OpenAI is seeking additional support from other major investors, including SoftBank, which is negotiating a further investment of up to $30 billion after previously investing $22.5 billion [3]. Group 2: Oracle's Exposure - Oracle's relationship with OpenAI is seen as a reflection of the cyclical nature of AI investments, with Oracle facing significant risk exposure due to a $300 billion contract with OpenAI [4]. - Oracle's remaining performance obligations (RPO) amount to $523 billion, which is approximately nine times its revenue over the past four quarters, including the $300 billion contract with OpenAI [4]. - The accounting treatment of this contract is under scrutiny, as it can only be included in RPO if management deems collection "probable" [4]. Group 3: Oracle's Financial Strategy - Oracle is planning to issue up to $20 billion in common stock as part of a broader strategy to raise $45 billion to $50 billion for expanding its cloud infrastructure [6]. - This move, while potentially dilutive to shareholders, is viewed as a prudent measure given the uncertainties surrounding AI transactions [6]. - Oracle's credit rating is currently under negative watch by S&P and Moody's, with some of its debt trading near junk bond levels, indicating rising market concerns [6].

派杰投资：将甲骨文(ORCL.US)目标价从290美元下调至240美元。 ...

Group 1 - BNP Paribas views Oracle's announcement regarding its 2026 equity and debt financing plan as a "risk clarification event" for the IT giant [1] - Analyst Stefan Slowinski sets a target price of $290 for Oracle's stock, indicating potential upside [1] - The financing announcement is expected to reduce investor concerns about Oracle's ability to convert its large Remaining Performance Obligations (RPO) into OCI revenue [1] Group 2 - Oracle plans to raise $45 billion to $50 billion by 2026 to expand its cloud infrastructure capacity, utilizing a combination of debt and equity financing [2] - The company aims to raise $22.5 billion to $25 billion in debt through a single issuance, which may alleviate market concerns about repeated financing needs in the 2026 calendar year [2] - Approximately half of Oracle's total financing for 2026 is expected to come from a mix of equity-linked instruments and common stock issuance [2]

Core Viewpoint - Oracle Corporation is gaining attention on Wall Street as a significant player in the AI sector, with Barclays maintaining an Overweight rating and a price target of $310.00, citing improved clarity on financing after the planned $45–50 billion raise [1][2]. Group 1: Financing and Credit - Oracle plans to raise between $45 billion and $50 billion in calendar 2026 through stock sales and debt, aiming to maintain its investment-grade rating amid increasing AI investments [2]. - Barclays believes these financing transactions will alleviate credit pressure on Oracle and provide clarity regarding the company's financing needs for the year [2]. Group 2: Investment Potential - While Oracle is recognized for its potential as an investment, there are other AI stocks that may offer greater upside potential with less downside risk [3].

Core Viewpoint - Oracle has announced a comprehensive financing plan to raise $45-50 billion, which alleviates market concerns regarding funding for its AI business expansion, leading to a potential revaluation of its stock [1][3]. Group 1: Financing Plan Details - Oracle's financing plan includes a bond issuance of $20-25 billion, divided into eight parts with maturities ranging from 3 to 40 years, and it will be the only debt issuance for the year [1]. - Barclays analysts noted that if Oracle raises the full $25 billion in equity, the peak leverage ratio would decrease by 0.4 times compared to a pure debt financing approach, at the cost of up to 4% equity dilution [2]. - The equity financing structure allows for flexibility, with a potential scale of $5 billion in mandatory convertible securities, enabling Oracle to adjust the issuance pace based on market conditions [2]. Group 2: Market Reactions and Implications - Barclays indicated that the announcement provides clarity on Oracle's financing needs, which had been a major concern, especially as the company's stock had dropped 35% over the past six months due to credit worries [3]. - The clear financing path eliminates doubts about the company's financial sustainability, allowing investors to refocus on the growth potential of its AI business [3][7]. - Analysts believe that after resolving financing issues, the market will reassess Oracle's overall story, suggesting that the stock is currently undervalued given its expected growth rate exceeding 30% [7]. Group 3: Valuation and Growth Outlook - Barclays maintains an "overweight" rating on Oracle with a target price of $310, indicating an approximately 80% upside from the closing price of $160 [4]. - The firm expects that investors will prioritize improvements in leverage over dilution, leading to a positive stock response [4].

Core Viewpoint - Oracle (ORCL.US) plans to raise $50 billion through debt and equity financing, boosting investor confidence in the company's ability to avoid a credit rating downgrade while funding its artificial intelligence initiatives [1][4]. Group 1: Financing and Market Reaction - Oracle's issuance of $25 billion in bonds received record demand, alleviating concerns about the company's debt levels and allowing for significant investments in data centers [3][4]. - The company's stock and bond prices rose following the announcement of the financing, indicating a positive shift in market sentiment [3][4]. - Analysts noted that the equity financing significantly mitigates credit downtrend risks, leading to an upgrade in Oracle's debt rating to "overweight" [4][5]. Group 2: Debt Market Dynamics - The issuance of bonds is expected to trigger a rally in the bond and credit default swap markets after a prolonged period of low activity [5][6]. - Oracle's bonds were sold in eight tranches with maturities ranging from three to forty years, with yields lower than previously anticipated [4][5]. - The demand for Oracle's bonds exceeded $129 billion, surpassing the previous record set by Meta Platforms [6][7]. Group 3: Future Outlook and Industry Trends - The technology sector is projected to issue approximately $93 billion in investment-grade corporate bonds related to artificial intelligence by 2025, indicating a robust market for such securities [10]. - Major tech companies, including Oracle, are expected to contribute significantly to the bond market, with predictions of around $300 billion in AI and data center-related transactions annually over the next five years [10][11]. - Oracle's financing reflects the substantial capital required for AI growth, with the company also raising $5 billion through mandatory convertible preferred stock [12].