Core Viewpoint - Oracle Corporation is planning to raise between $45 billion and $50 billion in gross cash proceeds during the 2026 calendar year to fund the expansion of its Oracle Cloud Infrastructure business, driven by demand from major customers like AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI [1][2]. Funding Strategy - The company intends to achieve its funding objective through a balanced mix of debt and equity financing, aiming to maintain a solid investment-grade balance sheet [2]. - Approximately half of the funding will come from equity-linked and common equity issuances, including an initial issuance of mandatory convertible preferred securities and a newly authorized at-the-market equity program of up to $20 billion [3]. - On the debt side, Oracle plans a single issuance of investment-grade senior unsecured bonds early in 2026 to cover the remaining half of its funding needs, with no additional bond issuances expected for the year [4]. Commitment to Investors - This funding plan underscores Oracle's commitment to maintaining an investment-grade rating, prudent capital allocation, balance sheet strength, and transparency with investors as it continues to expand its cloud infrastructure business [5]. - The transactions have received approval from the Oracle Board of Directors, with Goldman Sachs & Co. LLC leading the bond offering and Citigroup managing the equity issuance [5].

Group 1: Gold and Silver Market Dynamics - Recent fluctuations in gold and silver prices have led to significant market reactions, with gold experiencing its largest single-day drop since 1983 and silver prices plummeting by as much as 36% in a single day [1] - The Shenzhen Shui Bei market has shown a split response, with some investors engaging in panic selling while others are seizing the opportunity to buy at lower prices, leading to a surge in gold purchases [1][2] - Many banks have issued risk warnings, advising investors to approach the market with caution and avoid impulsive trading behaviors [1] Group 2: Real Estate Sector Outlook - The A-share and Hong Kong real estate sectors have shown strong performance, with several brokerage firms indicating that despite ongoing profit pressures, positive signals are emerging in the market [2] - Factors contributing to this stabilization include a slight decrease in the number of second-hand homes listed in major cities, supportive policy measures, and historically low valuations in the sector [2] - Institutions like CITIC Securities and Shenwan Hongyuan suggest that the most challenging period for the real estate sector may be over, recommending a focus on high-quality companies with core resources and operational capabilities [2] Group 3: Telecommunications Tax Changes - Major Chinese telecom operators, including China Mobile, China Unicom, and China Telecom, announced a tax adjustment that will increase the VAT rate on mobile data, SMS, and broadband services from 6% to 9% starting January 1, 2026 [3] - This change is expected to have a direct impact on the revenue and profit margins of these telecom companies [3] Group 4: Federal Reserve Leadership Changes - The nomination of Kevin Warsh as the new Federal Reserve Chair by Trump has caused significant market turbulence and a reevaluation of the Fed's role [4] - Warsh's reformist stance is anticipated to lead to aggressive interest rate cuts and a reduction of the Fed's balance sheet, aiming to diminish the Fed's power and size [4] - However, his radical approach may heighten tensions within the Fed and the broader market, facing substantial resistance and uncertainty [4] Group 5: Shenzhen Economic Performance - Shenzhen's GDP reached 3.87 trillion yuan in 2025, marking a 5.5% year-on-year growth, the highest among the top five cities [5] - The city is recognized as a leader in industrial output and foreign trade, contributing 10% of the national total [5] - Shenzhen also excels in various key areas, including the total number of business entities, R&D investment intensity, international patent applications, and cross-border e-commerce scale [5] Group 6: Capital Market Regulation - Regulatory authorities have emphasized the need to consolidate the positive momentum in capital markets, focusing on risk prevention, enhanced regulation, and promoting high-quality development [6] - Plans to deepen reforms in the ChiNext board and implement measures to support new productive forces have been outlined [6] - The guidelines for strategic investors indicate a minimum holding ratio of 5%, encouraging long-term capital to engage more deeply in corporate governance [6] Group 7: Banking Sector Adjustments - Ningbo Bank has reduced its interest rate on demand deposits to 0%, with other banks also lowering rates on gold accounts due to increased market volatility [8] - This trend is part of a broader strategy to manage risks and lower funding costs, potentially paving the way for future reductions in loan interest rates [8] Group 8: Silver Market Auction - A silver building in Hunan, constructed with 2.5 tons of silver, is set to be auctioned at a valuation of only 6.88 yuan per gram, significantly below market prices, raising public interest in asset valuation methods [7] Group 9: Oracle's Financial Challenges - Oracle is facing significant financial pressure due to aggressive expansion in AI data centers, leading to considerations of layoffs affecting 20,000 to 30,000 employees and potential divestitures of its Cerner medical software division [10] - The company has seen its stock and bond prices under pressure as several banks have ceased lending to its data center projects, exacerbating its financing challenges [10]

​Oracle Corporation (NYSE:ORCL) is one of the Best Software Stocks to Buy According to Wall Street Analysts. On January 29, Oracle Corporation (NYSE:ORCL) launched its latest AI platform for life sciences companies. The platform helps companies to streamline drug development and research. ​Management noted that the platform tackles data fragmentation by integrating vast datasets and applying generative AI for faster insights. The tool targets pharmaceutical firms, medical device makers, researchers, and l ...

Investment Rating - The report suggests a positive outlook for the AI-driven sectors, particularly in servers and IDC, driven by domestic and international AI developments [4]. Core Insights - Major companies like Industrial Fulian, Meta, and Microsoft are showing strong growth in their earnings, driven by AI investments and demand for high-performance computing [1][53]. - The report highlights a significant increase in capital expenditures by tech giants, indicating a robust investment trend in AI infrastructure [1][61]. - The demand for optical modules and servers is expected to rise due to the ongoing expansion of AI capabilities and infrastructure [2][35]. Summary by Sections Industry Overview - The telecommunications sector is experiencing steady growth, with a reported revenue of 16,096 billion yuan, reflecting a 0.9% year-on-year increase [3][14]. - The optical module exports have seen a decline, with a 24% drop in November, attributed to domestic companies establishing overseas factories [3][35]. Company Performance - Industrial Fulian anticipates a net profit of 351-357 billion yuan for 2025, marking a 51%-54% increase year-on-year, driven by strong growth in cloud services and AI servers [1][53]. - Meta's revenue for Q4 reached $59.893 billion, a 24% increase year-on-year, supported by recovering advertising business and AI investments [1][53]. - NewEase is expected to achieve a net profit of 94-99 billion yuan in 2025, reflecting a growth of 231.24%-248.86% due to increasing demand for high-speed products [1][55]. Market Trends - The server index decreased by 5.70% this week but has increased by 1.20% for the month, indicating volatility in the market [2][6]. - The optical module index rose by 10.07% this week, reflecting strong demand for high-speed optical devices [2][6]. - The IDC index increased by 3.50% this week, with a notable 11.04% rise for the month, driven by advancements in AI models [2][9]. Future Projections - Companies are expected to continue investing heavily in AI infrastructure, with Alibaba planning to increase its investment in AI and cloud computing from 380 billion yuan to 480 billion yuan over the next three years [1][12]. - The report anticipates that the demand for AI-related services and products will continue to grow, leading to further investment opportunities in the sector [4][35].

Group 1: Institutional Holdings - Vanguard Group Inc. increased its holdings in Oracle by 2.1%, now owning 164,278,874 shares valued at $35.92 billion after acquiring an additional 3,353,461 shares [1] - State Street Corp boosted its position by 1.7%, now owning 73,459,391 shares worth $16.06 billion after purchasing 1,252,723 shares [1] - Norges Bank acquired a new stake in Oracle worth approximately $4.28 billion during the second quarter [1] - Bank of New York Mellon Corp raised its position by 0.8%, now owning 11,938,457 shares valued at $3.36 billion after purchasing 98,693 shares [1] - Legal & General Group Plc increased its position by 1.3%, now owning 11,315,180 shares valued at $2.47 billion after acquiring 147,367 shares [1] - Institutional investors and hedge funds own 42.44% of Oracle's stock [1] Group 2: Analyst Ratings and Price Targets - Mizuho set a target price of $400.00 for Oracle shares [2] - Stephens raised their price target from $208.00 to $331.00, maintaining an "equal weight" rating [2] - Sanford C. Bernstein lowered their price objective from $364.00 to $339.00, with an "outperform" rating [2] - Morgan Stanley cut their price objective from $320.00 to $213.00, maintaining an "equal weight" rating [2] - William Blair reaffirmed an "outperform" rating on Oracle shares [2] - Oracle has an average rating of "Moderate Buy" and an average target price of $300.46 [2] Group 3: Insider Transactions - CEO Clayton M. Magouyrk sold 10,000 shares at an average price of $192.52, totaling $1.93 million, reducing ownership by 6.49% [3] - Director Naomi O. Seligman sold 2,223 shares at an average price of $196.61, totaling $437,064.03, reducing ownership by 7.99% [3] - In the last three months, insiders sold 62,223 shares worth $12.14 million [3] - Insiders own 40.90% of Oracle's stock [3] Group 4: Financial Performance - Oracle reported $2.26 EPS for the quarter, beating analysts' estimates of $1.64 by $0.62 [5] - The company had a revenue of $16.06 billion, which was a 14.2% increase year-over-year [7] - Oracle's return on equity was 70.60% and net margin was 25.28% [5] Group 5: Stock Performance and Dividends - Oracle shares opened at $164.69, with a market capitalization of $473.17 billion [4] - The company has a PE ratio of 30.96, a PEG ratio of 1.48, and a debt-to-equity ratio of 3.28 [4] - Oracle announced a quarterly dividend of $0.50 per share, representing a $2.00 annualized dividend and a yield of 1.2% [8]

Investment Activity - Vanguard Group Inc. increased its position in Oracle by 2.1%, now holding 164,278,874 shares valued at $35.92 billion after acquiring an additional 3,353,461 shares [1] - State Street Corp raised its stake by 1.7%, owning 73,459,391 shares valued at $16.06 billion after purchasing 1,252,723 shares [1] - Norges Bank established a new position in Oracle valued at $4.28 billion [1] - Bank of New York Mellon Corp increased its holdings by 0.8%, now owning 11,938,457 shares valued at $3.36 billion after acquiring 98,693 shares [1] - Legal & General Group Plc boosted its stake by 1.3%, owning 11,315,180 shares worth $2.47 billion after purchasing 147,367 shares [1] - Hedge funds and institutional investors collectively own 42.44% of Oracle's stock [1] Stock Performance - Oracle's stock opened at $164.69, down 2.6% [2] - The company's 50-day moving average price is $194.12, and the 200-day moving average price is $237.44 [2] - Oracle has a market cap of $473.17 billion, a P/E ratio of 30.96, and a price-to-earnings-growth ratio of 1.48 [2] - The stock has a 12-month low of $118.86 and a high of $345.72 [2] Financial Results - Oracle reported earnings per share of $2.26, exceeding analysts' expectations of $1.64 by $0.62 [3] - The company generated revenue of $16.06 billion, slightly below the expected $16.19 billion, with a year-over-year revenue increase of 14.2% [3] - Oracle's net margin stands at 25.28%, and return on equity is 70.60% [3] Dividend Information - Oracle declared a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 and a yield of 1.2% [4] - The dividend payout ratio is 37.59% [4] Analyst Ratings - Guggenheim reissued a "buy" rating with a price target of $400.00 [5] - William Blair reiterated an "outperform" rating [5] - Jefferies Financial Group maintained a "buy" rating with a $400.00 target price [5] - Weiss Ratings downgraded Oracle from "buy (b-)" to "hold (c+)" [5] - DA Davidson lowered their price objective from $200.00 to $180.00, assigning a "neutral" rating [5] - Consensus rating is "Moderate Buy" with a target price of $300.46 [5] Insider Transactions - Director Naomi O. Seligman sold 2,223 shares at an average price of $196.61, reducing ownership by 7.99% [8] - EVP Douglas A. Kehring sold 35,000 shares at an average price of $194.89, representing a 50.99% decrease in position [8] - In the last ninety days, insiders sold 62,223 shares valued at $12.14 million [8] Company Overview - Oracle Corporation is a multinational technology company specializing in database software, cloud systems, and enterprise software applications [9] - The company is known for its flagship Oracle Database and has expanded into cloud infrastructure and applications [9][10]

来源：中国经营报 近日，据多家外媒报道，投资银行TD Cowen消息指出，因甲骨文公司的人工智能数据中心扩张融资困 难，甲骨文正面临严峻的资金困境，考虑采取大规模裁员及出售部分业务等措施来应对。 TD Cowen研究报告显示，甲骨文公司计划裁员2万至3万人，此举预计将释放80亿至100亿美元的现金 流。不仅如此，甲骨文还在考虑出售其于2022年以283亿美元收购的医疗保健软件部门Cerner。 TD Cowen指出，当前，多家美国银行已停止向甲骨文公司相关的数据中心项目提供贷款。该机构补充 称，亚洲的银行似乎对甲骨文较为乐观，但美国银行的态度让人怀疑甲骨文能否从其他大型银行处获得 支持。 报告指出："股权和债权投资者都对甲骨文公司是否有能力为该项目提供融资提出了质疑。"而融资挑战 的根源在于甲骨文公司庞大的基础设施建设承诺，据TD Cowen估计，其所需的资本支出高达1560亿美 元。在资金难以到位的情况下，甲骨文不得不通过裁员和出售业务来缓解资金压力。 2025年9月，甲骨文发行了180亿美元的债券，但据估计，甲骨文每年需要借款250亿美元来为其扩张提 供资金。而随着市场怀疑情绪的加深，甲骨文的筹资难度不断 ...

TD Cowen警告，今年股权和债务投资者都对甲骨文公司是否有能力为这项扩建项目提供资金提出了质疑，甲骨文公司信用违约互换(CDS)利差扩大以及 甲骨文公司股票和债券价格承压就证明了这一点。 去年9月，甲骨文发行了180亿美元的债券，但据估计，甲骨文每年需要借款250亿美元来为其扩张提供资金。而随着市场怀疑情绪的加深，甲骨文的筹资 难度不断升高。去年最后几个月，甲骨文的五年CDS价格翻了三倍，凸显出市场的高度警惕。 据第一财经去年12月报道，知情人士透露，甲骨文公司已将其为OpenAI准备的一些数据中心的完工日期从2027年推迟至2028年。消息人士称，这些延误 主要是由于人力和材料短缺所致。自从签署以来，甲骨文一直在努力完成一项价值3000亿美元的合同，以提供训练和运行OpenAI模型所需的计算能力。 尽管面临延误，但美国项目的时间安排仍然雄心勃勃，预计这些数据中心的规模在全球也是首屈一指。 1月31日消息，据媒体援引多家外媒报道，道明证券旗下投资银行TD Cowen消息指出，因甲骨文公司的人工智能数据中心扩张融资困难，甲骨文正面临严 峻的资金困境，考虑采取大规模裁员及出售部分业务等措施来应对。 TD Co ...

Core Viewpoint - Rosen Law Firm has initiated a class action lawsuit on behalf of purchasers of Oracle Corporation's senior notes, alleging that the Offering Documents contained misleading statements regarding Oracle's need for additional debt to build AI infrastructure, which affected the creditworthiness of the bonds [1][4]. Group 1: Lawsuit Details - The class action lawsuit claims that Oracle failed to disclose its requirement for significant additional debt at the time of the Offering, which ultimately led to damages for investors when the true situation was revealed [4]. - Investors who purchased Oracle senior notes may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions for investors [3]. - The firm has been recognized for its achievements, including being ranked No. 1 for securities class action settlements in 2017 and securing over $438 million for investors in 2019 [3].

Oracle Corp (NYSE:ORCL) is one of the stocks with huge growth potential, according to the media. On January 23, Morgan Stanley cut Oracle Corp (NYSE:ORCL)’s price target to $213 from $320 while reiterating an Equal-weight rating, warning that the company’s GPU-as-a-service expansion poses “little room for error” amid rising capital needs, funding pressures, and a weaker profit outlook. Analysts Reassess Oracle Corporation (ORCL)’s Long-Term Prospects Analyst Keith Weiss noted the initiative offers sizabl ...