<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2022/09/127775892-m.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2508" height="1672" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2022/09/127775892-m.jpg"/></p>
<p>甲骨文（Oracle，股票代码：ORCL）在最近几周承受了巨大的压力，因为其第二季度财报确认公司在人工智能方面的激进投资并未立即转化为盈利能力的增强。</p>
<p>截至目前，ORCL 的股价较 9 月份的高点下跌了约 40%。</p>
<p>但 Wells Fargo 的高级分析师 Michael Turrin 仍然建议在 2026 年前持有该股票。</p>
<p>事实上，Turrin 认为甲骨文的股票在未来一年可能回报高达 50%。</p>
<p>周一，他维持了对该人工智能基础设施公司的 “增持” 评级，目标价为 280 美元。</p>
<h2>甲骨文股票在当前水平被视为被低估</h2>
<p>投资者对甲骨文过度依赖 OpenAI 感到担忧，这也是有充分理由的。</p>
<p>根据最新的 Wells Fargo 估计，在未来两到三年内，ChatGPT 公司将占其收益的 30%。</p>
<p>然而，该公司的分析师 Michael Turrin 认为，这些风险在当前水平的 ORCL 股价中已经被充分反映。</p>
<p>他表示，最近的回调实际上为长期投资者提供了一个在深度折扣下建立或扩大甲骨文持仓的绝佳机会。</p>
<p>请注意，这家跨国公司目前的市销率不到 10 倍——这一倍数比其他一些顶尖人工智能股票要吸引得多。</p>
<h2>2026 年可能推动 ORCL 股价上涨的因素</h2>
<p>Michael Turrin 对甲骨文股票持乐观态度，因为这家传统科技公司据报道被选中在美国运营 TikTok。</p>
<p>此外，还有报道称 OpenAI 正在考虑筹集 1000 亿美元，这可能会加速 ORCL 的云收入，因为它是该初创公司工作负载的关键基础设施提供商。</p>
<p>简单来说，Turrin 认为泡沫担忧有些被夸大，因为人工智能 “仍处于非常早期的阶段”。</p>
<p>在他的研究报告中，这位高级分析师告诉客户，甲骨文将在明年增加其云 IaaS 的市场份额，这将推动其股价在 2026 年回升至近期高点。</p>
<p>1.03% 的股息收益率为长期持有 ORCL 提供了另一个理由。</p>
<h2>甲骨文的短期仍将保持一定的波动性</h2>
<p>然而，投资者应注意，考虑到其技术指标目前不利于大幅上涨，ORCL 的短期仍可能保持波动——至少在接下来的几周内是这样。</p>
<p>截至目前，甲骨文的交易价格明显低于其主要移动平均线（MAs），长期相对强弱指数（RSI）约为 48，表明下行动能尚未耗尽。</p>
<p>尽管如此，期权交易者仍然相信这只人工智能股票最终会突破。</p>
<p>根据 Barchart 的数据，3 月 30 日到期的衍生品合约显示，ORCL 在接下来的三个月内将交易接近 230 美元。</p>
<p>简而言之，除了短期波动外，折扣估值和人工智能的曝光可能会在明年推动甲骨文强劲反弹。</p>
<p>这篇文章的标题为《2026 年甲骨文股票的预期？进一步压力还是急剧反弹》，首次出现在 Invezz 上。</p>

甲骨文

<p>甲骨文的股票因人工智能投资未能提升收益而面临压力，自九月份高点下跌了 40%。尽管如此，富国银行分析师迈克尔·图林建议持有甲骨文的股票，预测到 2026 年将实现 50% 的回报，目标价为 280 美元。市场对 OpenAI 风险的担忧已被计入价格，提供了一个买入机会。甲骨文在 TikTok 中的角色以及 OpenAI 潜在的 1000 亿美元融资可能会推动云收入。预计短期内会有波动，但长期前景乐观</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2022/09/127775892-m.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2022/09/127775892-m.jpg"/></p>
<p>Oracle (ORCL) has been under immense pressure in recent weeks after its Q2 earnings confirmed the company’s aggressive AI investments aren’t immediately translating into bottom-line strength.</p>
<div class="lb-trans"><p>甲骨文（Oracle，股票代码：ORCL）在最近几周承受了巨大的压力，因为其第二季度财报确认公司在人工智能方面的激进投资并未立即转化为盈利能力的增强。</p>
</div><p>At the time of writing, ORCL shares are down some 40% versus their September high.</p>
<div class="lb-trans"><p>截至目前，ORCL 的股价较 9 月份的高点下跌了约 40%。</p>
</div><p>But Michael Turrin – a senior Wells Fargo analyst – continues to recommend owning them heading into 2026.</p>
<div class="lb-trans"><p>但 Wells Fargo 的高级分析师 Michael Turrin 仍然建议在 2026 年前持有该股票。</p>
</div><p>In fact, Turrin believes Oracle stock could return as much as 50% in the coming year.</p>
<div class="lb-trans"><p>事实上，Turrin 认为甲骨文的股票在未来一年可能回报高达 50%。</p>
</div><p>On Monday, he maintained an “overweight” rating on the AI infrastructure name with a price target of $280.</p>
<div class="lb-trans"><p>周一，他维持了对该人工智能基础设施公司的 “增持” 评级，目标价为 280 美元。</p>
</div><h2>Oracle stock is seen as undervalued at current levels</h2>
<div class="lb-trans"><h2>甲骨文股票在当前水平被视为被低估</h2>
</div><p>Investors have been concerned about Oracle’s excessive exposure to OpenAI – and for good reason, too.</p>
<div class="lb-trans"><p>投资者对甲骨文过度依赖 OpenAI 感到担忧，这也是有充分理由的。</p>
</div><p>Within the next two to three years, the ChatGPT company will be accounting for up to 30% of its earnings, according to the latest Wells Fargo estimate.</p>
<div class="lb-trans"><p>根据最新的 Wells Fargo 估计，在未来两到三年内，ChatGPT 公司将占其收益的 30%。</p>
</div><p>However, the firm’s analyst, Michael Turrin, believes these risks are more than priced into ORCL shares at current levels.</p>
<div class="lb-trans"><p>然而，该公司的分析师 Michael Turrin 认为，这些风险在当前水平的 ORCL 股价中已经被充分反映。</p>
</div><p>According to him, the recent pullback has actually created a compelling opportunity for long-term investors to initiate or expand a position in Oracle at a deep discount.</p>
<div class="lb-trans"><p>他表示，最近的回调实际上为长期投资者提供了一个在深度折扣下建立或扩大甲骨文持仓的绝佳机会。</p>
</div><p>Note that the multinational is currently going for less than 10x sales – an infinitely more attractive multiple than some of the other best-of-breed AI stocks.</p>
<div class="lb-trans"><p>请注意，这家跨国公司目前的市销率不到 10 倍——这一倍数比其他一些顶尖人工智能股票要吸引得多。</p>
</div><h2>What could drive ORCL shares higher in 2026</h2>
<div class="lb-trans"><h2>2026 年可能推动 ORCL 股价上涨的因素</h2>
</div><p>Michael Turrin remains constructive on Oracle shares also because the legacy technology company has reportedly been picked to run TikTok in the US.</p>
<div class="lb-trans"><p>Michael Turrin 对甲骨文股票持乐观态度，因为这家传统科技公司据报道被选中在美国运营 TikTok。</p>
</div><p>Additionally, there have been reports that OpenAI is considering raising $100 billion, which may accelerate ORCL’s cloud revenue since it’s a key infrastructure provider for the startup’s workloads.</p>
<div class="lb-trans"><p>此外，还有报道称 OpenAI 正在考虑筹集 1000 亿美元，这可能会加速 ORCL 的云收入，因为它是该初创公司工作负载的关键基础设施提供商。</p>
</div><p>Simply put, Turrin sees bubble concerns as somewhat overblown since AI is “still in its very early innings.”</p>
<div class="lb-trans"><p>简单来说，Turrin 认为泡沫担忧有些被夸大，因为人工智能 “仍处于非常早期的阶段”。</p>
</div><p>In his research note, the senior analyst told clients that Oracle will grow its market share in cloud IaaS next year, which will drive its stock back toward recent highs in 2026.</p>
<div class="lb-trans"><p>在他的研究报告中，这位高级分析师告诉客户，甲骨文将在明年增加其云 IaaS 的市场份额，这将推动其股价在 2026 年回升至近期高点。</p>
</div><p>A 1.03% dividend yield makes up for an additional reason to own ORCL for the long term.</p>
<div class="lb-trans"><p>1.03% 的股息收益率为长期持有 ORCL 提供了另一个理由。</p>
</div><h2>Oracle’s near-term to remain somewhat volatile</h2>
<div class="lb-trans"><h2>甲骨文的短期仍将保持一定的波动性</h2>
</div><p>Investors should note, however, that the near-term may still remain volatile for ORCL stock, given its technicals currently don’t favour a meaningful push higher – at least not in the next few weeks.</p>
<div class="lb-trans"><p>然而，投资者应注意，考虑到其技术指标目前不利于大幅上涨，ORCL 的短期仍可能保持波动——至少在接下来的几周内是这样。</p>
</div><p>At the time of writing, Oracle is trading decisively below its major moving averages (MAs) with a long-term relative strength index (RSI) at about 48, signalling the downward momentum isn’t out of juice just yet.</p>
<div class="lb-trans"><p>截至目前，甲骨文的交易价格明显低于其主要移动平均线（MAs），长期相对强弱指数（RSI）约为 48，表明下行动能尚未耗尽。</p>
</div><p>That said, options traders continue to believe in an eventual breakout in this AI stock.</p>
<div class="lb-trans"><p>尽管如此，期权交易者仍然相信这只人工智能股票最终会突破。</p>
</div><p>According to Barchart, derivatives contracts expiring March 30 suggest ORCL will be trading near $230 over the next three months.</p>
<div class="lb-trans"><p>根据 Barchart 的数据，3 月 30 日到期的衍生品合约显示，ORCL 在接下来的三个月内将交易接近 230 美元。</p>
</div><p>In short, beyond near-term volatility, discounted valuation and AI exposure could fuel a powerful rebound in Oracle next year.</p>
<div class="lb-trans"><p>简而言之，除了短期波动外，折扣估值和人工智能的曝光可能会在明年推动甲骨文强劲反弹。</p>
</div><p>The post What to expect from Oracle stock in 2026? Further pressure or a sharp rebound appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章的标题为《2026 年甲骨文股票的预期？进一步压力还是急剧反弹》，首次出现在 Invezz 上。</p>
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2026 年甲骨文股票会有什么表现？是面临进一步的压力还是会出现急剧反弹