Brandon Bell/Getty Images The tech sector sold off as investors took in a report that Oracle's $10B data center for OpenAI is in jeopardy. Sources told the FT that talks to build the data center have stalled due to concerns about debt and spending. Oracle disputed the report, telling Business Insider that negotiations for the data center are progressing. Another day, another update that's giving investors anxiety about the AI trade. The US tech sector was under pressure on Wednesday as traders to ...

PresentationSuzanne EnnisHead of Investor Relations [Audio Gap] Asher Genoot, CEO of Hut 8. So today, Hut 8 announced 2 major announcements. We announced an AI infrastructure partnership with Anthropic and Fluidstack, where Hut will develop at least 245 megawatts of infrastructure and up to 2.3 gigawatts of AI data center infrastructure for Anthropic, one of the leading AI labs who will be leveraging Fluidstack's clusters. We also announced the signing of a 15-year 245-megawatt AI data center lease at our R ...

Key Points Oracle lost a major financing partner for its Michigan data center, adding pressure to an already difficult week for the stock. The market is pricing Oracle bonds as riskier than its official credit ratings suggest. 10 stocks we like better than Oracle › Shares of Oracle (NYSE: ORCL) are down 5.1% as of 2:31 p.m. ET today. The drop comes as the S&P 500 and Nasdaq Composite lost 1% and 1.5%, respectively. Oracle has reportedly failed to secure financing from Blue Owl Capital to fund the ...

Oracle (ORCL) stock fell nearly 5% Wednesday after the Financial Times reported that private lender Blue Owl Capital (OWL) will not back a $10 billion deal for its next data center as the software company draws investor scrutiny over its use of debt to fund spending on AI computing capacity. Blue Owl, which is Oracle's biggest data center partner, had been in discussions with lenders and Oracle for the deal to invest in a massive facility in Michigan, but negotiations stalled, according to the FT. That h ...

公司与合作伙伴动态 - 甲骨文公司是OpenAI最大的数据中心合作伙伴之一，双方近期签署了一项价值数十亿美元、为期多年的协议[1] - 该协议价值高达3000亿美元[1] - 市场对该交易的审查日益严格，OpenAI执行协议的能力受到质疑，因其大规模AI数据中心建设因劳动力和材料短缺而延迟[4] 公司财务与运营状况 - 甲骨文公司拥有高达5230亿美元的订单积压[4] - 公司资本支出持续上升[4] - 部分数据中心设施预计将推迟至2028年上线，而非原计划的2027年[4] 股价与市场表现 - 甲骨文公司股价在触及52周高点后大幅回调，跌幅超过45%[1] - 过去五个交易日内，股价下跌了15%[3] - 其动量评分在一周内从74.62急剧下降至32.05[3] - 在Benzinga Edge股票排名中，该公司股票在短期、中期和长期均呈现不利的价格趋势[5]

U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.1% on Monday.Following the market opening Monday, the Dow traded up 0.09% to 48,502.84 while the NASDAQ fell 0.03% to 23,187.60. The S&P 500 also rose, gaining, 0.13% to 6,836.56.Check This Out: Top 2 Financial Stocks That May Fall Off A Cliff This QuarterLeading and Lagging SectorsHealth care shares jumped by 1% on Monday.In trading on Monday, energy stocks fell by 1%.Top HeadlineThe NY Empire State Manufacturing Index fell to ...

HONG KONG, Dec. 15, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3 E Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider with the inspiration to become a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced the execution of a Master Services Agreement (the “Agreement”) with Orka Technologies Oy ("Orka Technologies"), a Finnish company, to jointly develop an AI data ...

AI数据中心资本支出规模 - IBM首席执行官指出建设一个1吉瓦AI数据中心成本约为800亿美元[2] - 行业已宣布近100吉瓦超大规模容量 对应资本支出规模约8万亿美元[2] - 该投资规模需要约800亿美元利润才能覆盖利息成本[2] 科技巨头投资态势 - 亚马逊、微软、谷歌和Meta正投入数百亿美元用于AI计算、GPU、土地、电力和冷却系统[3] - 投资行为更像一场证明AI主导地位的生存竞赛 而非追求盈利[3] - 英伟达收入预测基于超大规模企业持续建设的前提[3] AI商业模式可行性挑战 - 企业尚未证明生成式AI能实现大规模投资回报[5] - 推理成本急剧上升 电力短缺已导致多个市场部署延迟[5] - 资本支出持续膨胀而货币化路径不明确[5] 市场心理与潜在转折点 - 投资者心理由FOMO驱动而非基本面[7] - 首家放缓支出的超大规模企业可能引发对AI基础设施盈利能力的重新评估[7] - CFO开始关注AI收入扩展速度、推理成本分担和企业采用率等关键问题[8] 行业风险预警 - AI超级周期可能因财务瓶颈而非需求崩溃而终结[8] - 资本模型可能无法支撑AI革命的发展[9] - 市场尚未对AI淘金热在回报实现前遇阻的风险进行定价[9]

科技与商业发展 - 德国电信与施瓦茨集团正合作计划建设一个被称为“AI超级工厂”的人工智能数据中心 [2] - 该项目是一个更广泛的德国财团的一部分，该财团还包括SAP和Ionos，旨在争夺欧盟委员会200亿欧元“AI超级工厂”倡议中的份额 [2] - 欧盟的战略目标是建立3到5个大型人工智能基础设施基地，以增强数字主权并减少对美国和中国外部技术基础设施的依赖 [2] - 每个超级工厂预计需要投资30亿至50亿欧元，并将容纳约10万颗AI芯片用于训练先进AI模型 [2] 经济指标 - 新西兰10月份的建筑许可数量显著下降，经季节性调整后环比下降5.2%，至2850套 [5] - 此次收缩发生在前一个月（9月）强劲增长7.2%之后，表明该国住宅建筑活动发生转变 [5] - 截至2024年10月的一年中，新住宅许可总数同比下降16%，至33,467套 [6] - 同期，已获许可的非住宅建筑工程的年价值下降了3.5%，总计93亿新西兰元 [6]

文章核心观点 - 大型科技公司过去五年投入巨额资金进行股票回购以推高股价 但当前为投入人工智能军备竞赛而大幅增加资本支出和债务融资 这可能使大规模股票回购难以为继 [1][4][11][12] 股票回购规模与方式 - 苹果、Alphabet、微软、甲骨文、Meta和英伟达五年来股票回购总额达1.1万亿美元 [1][2] - 苹果回购金额最高达4370亿美元 Alphabet为2810亿美元 Meta为1510亿美元 微软为1070亿美元 英伟达为870亿美元 [3] - 英伟达在2024年加速回购 过去四个季度回购430亿美元 [3] - 部分回购资金通过发行债券借入 苹果现有债务1120亿美元 微软1200亿美元 Meta500亿美元 Alphabet300亿美元 [4] 人工智能资本支出激增 - 仅微软、亚马逊、Alphabet和Meta第三季度资本支出达1140亿美元 预计全年超4000亿美元 并计划2026年进一步加速支出 [4] - 为融资AI支出 企业大量发行新债 Alphabet、亚马逊、微软、Meta和甲骨文过去三个月发行880亿美元投资级债券 [5] - 摩根大通分析师预计未来五年投资级债券市场需吸收1.5万亿美元AI数据中心债券 [6] 表外融资与评级机构担忧 - Meta通过与Blue Owl Capital合资实体发行270亿美元AI债券 采用租赁安排避免将负债计入资产负债表以维持AA-信用评级 [7] - 惠誉评级指出表外债务增加透明度风险 披露不充分掩盖交易对手风险 [8] 股票回购前景变化 - 亚马逊自2022年第二季度后停止回购 将资金转向资本支出如AI基础设施 [10] - 随着AI支出和债务堆积 其他公司可能效仿亚马逊减少或暂停股票回购 [11][12] - 股票回购资金转向AI建设虽可能影响股价支撑 但实际投入实体数据中心建设 [13]