---
title: "摩根大通：甲骨文处于 “展示业绩的阶段”，因其在 AI 债务上押下重注"
description: "摩根大通分析师指出，甲骨文因其激进的 AI 支出计划，企业债券受到关注，预计债券压力将持续。甲骨文云收入低于预期，股价暴跌，信用风险指标创 16 年新高，债券利差扩大，进入高收益领域。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/269743627.md"
published_at: "2025-12-15T15:49:39.000Z"
---

# 摩根大通：甲骨文处于 “展示业绩的阶段”，因其在 AI 债务上押下重注

> 摩根大通分析师指出，甲骨文因其激进的 AI 支出计划，企业债券受到关注，预计债券压力将持续。甲骨文云收入低于预期，股价暴跌，信用风险指标创 16 年新高，债券利差扩大，进入高收益领域。

随着华尔街在人工智能热潮中寻找裂缝，甲骨文公司激进的人工智能（AI）支出计划，使这家云计算巨头的企业债券受到了严密的关注。摩根大通信贷分析师埃里卡·斯皮尔（Erica Spear）预计，该公司债券所面临的压力将在新的一年里持续存在。 在财报显示甲骨文的云收入低于分析师预期后，该公司的股价暴跌，其衡量信用风险的指标创下 16 年来的新高。 根据 CreditSights 分析师的说法，自甲骨文发布财报以来，其债券利差有所扩大，目前其债务交易已稳固处于高收益领域。

### Related Stocks

- [ORCL.US - 甲骨文](https://longbridge.com/zh-CN/quote/ORCL.US.md)

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