[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio2e0d8638":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio2e0d8638","美股：甲骨文(ORCL) 前景分析","\u002Fdoc\u002Fdcio2e0d8638","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cdiv class=\"itemFullText\">\n\u003Cp>人工智能(AI)软件公司甲骨文(ORCL)上周财报披露AI业务收入加速增长后，更创下2001年以来最大两日涨幅。但辉煌背后暗藏隐忧：当前股价处于25年来最严重的超买状态，估值水平也攀升至二十余年峰值。\u003C\u002Fp>\n\u003Cp>市场已初现分歧迹象——周二美股盘前，甲骨文股价受中东局势拖累一度下跌近1%，前一日更逆势收跌2%，当日纳斯达克100指数实则上涨1.4%。\u003C\u002Fp>\n\u003Cp>Synovus Trust资深投资组合经理Dan Morgan表示，上周1160亿美元的市值增长已将市场焦点转向甲骨文的战略执行力。其AI领域的发展潜力，让他联想到微软(MSFT.US)十年前布局云计算的战略转折，乃至英伟达(NVDA.US)2023年数据中心业务的爆发式增长。\u003C\u002Fp>\n\u003Cp>“预期或许过于乐观，但甲骨文正处于‘青春期’，远未触及天花板，”Morgan表示，“或许未来我们回顾本季度时，会意识到这是一个转折点——我们都意识到未来还有多大的增长空间。”\u003C\u002Fp>\n\u003Cp>虽然甲骨文以数据库软件闻名，但该公司近年重金押注云计算业务。随着AI服务需求激增，公司预测新财年收入增速将“显著提升”，印证了转型成效。\u003C\u002Fp>\n\u003Cp>根据汇编数据，分析师预计其2026财年营收增速将从刚结束财年的8.4%跃升至16%，净利润料增15%，且2027财年两项指标有望进一步加速。\u003C\u002Fp>\n\u003Cp>尽管甲骨文在云计算市场份额仍落后于亚马逊(AMZN.US)、微软和谷歌(GOOGL.US)，但其业绩最新表明，公司在AI领域的实力正在增强。今年早些时候，甲骨文还与OpenAI成立合资企业，为其提供算力。\u003C\u002Fp>\n\u003Cp>汇丰银行技术研究主管Stephen Bersey表示：“AI是甲骨文长期以来首个实质性的增长渠道，而在此之前的十年里，华尔街一直认为甲骨文是一家难以找到新增长途径的公司。当市场习惯其中等个位数增长时，双位数增速预期理应获得估值重构。”\u003C\u002Fp>\n\u003Cp>不过，增长预期仍落后于甲骨文股价的爆发式上涨，导致其市盈率飙升。汇编数据显示，按未来12个月预期利润计算，甲骨文的市盈率达到31倍，为2002年以来最高水平，几乎是过去十年平均估值的两倍。\u003C\u002Fp>\n\u003Cp>“尽管市盈率可能偏高，但增长支撑着这一水平，考虑到增长前景，我们仍认为其颇具吸引力，”汇丰的Bersey表示，“甲骨文在AI赛道卡位精准，我预计在可预见的未来，AI需求将保持强劲。”\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003C\u002Fdiv>\n\u003Cdiv 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]