---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42731395.md"
description: "The judgment in January (inspired by Zhihu influencers: deep van and ai) is that Oracle's debt-financed investment is too large (under high interest rates), but there is currently no profit at all on the AI application side. Data center construction requires huge investment, but the returns are far off.Microsoft, Google, and Amazon have other businesses, a solid internet foundation, and historical accumulation to support them. Oracle is in a precarious position! 😝Comparing the current AI infrastructure investment boom to the 19th-century American railroad investment and construction frenzy, $NVIDIA(NVDA.US) is more like the one selling rails, while Oracle is the one buying rails to build the railroad.During the railroad investment frenzy, those building the railroads went bankrupt. The rail sellers made huge profits at first, but as infrastructure became overbuilt and demand fell, profits would be squeezed. However, the risk is lower than that of a company like Oracle, which borrows heavily and goes all-in on pure railroad construction with full leverage."
datetime: "2026-07-16T14:52:31.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42731395.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42731395.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42731395.md)
author: "[齊天弼馬溫](https://longbridge.com/en/profiles/13908351.md)"
generator: "portal-rs"
---

# The judgment in January (inspired by Zhihu influen…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**