---
title: "摩根大通：甲骨文處於 “展示業績的階段”，因其在 AI 債務上押下重注"
description: "摩根大通分析師指出，甲骨文因其激進的 AI 支出計劃，企業債券受到關注，預計債券壓力將持續。甲骨文雲收入低於預期，股價暴跌，信用風險指標創 16 年新高，債券利差擴大，進入高收益領域。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/269743627.md"
published_at: "2025-12-15T15:49:39.000Z"
---

# 摩根大通：甲骨文處於 “展示業績的階段”，因其在 AI 債務上押下重注

> 摩根大通分析師指出，甲骨文因其激進的 AI 支出計劃，企業債券受到關注，預計債券壓力將持續。甲骨文雲收入低於預期，股價暴跌，信用風險指標創 16 年新高，債券利差擴大，進入高收益領域。

隨着華爾街在人工智能熱潮中尋找裂縫，甲骨文公司激進的人工智能（AI）支出計劃，使這家雲計算巨頭的企業債券受到了嚴密的關注。摩根大通信貸分析師埃裏卡·斯皮爾（Erica Spear）預計，該公司債券所面臨的壓力將在新的一年裏持續存在。 在財報顯示甲骨文的雲收入低於分析師預期後，該公司的股價暴跌，其衡量信用風險的指標創下 16 年來的新高。 根據 CreditSights 分析師的説法，自甲骨文發佈財報以來，其債券利差有所擴大，目前其債務交易已穩固處於高收益領域。

### Related Stocks

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

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> **免責聲明**：本文內容僅供參考，不構成任何投資建議。