Quantum computing stocks are becoming more popular on Wall Street.When it comes to investing in quantum computing stocks, it's natural for pure plays like IonQ, Rigetti Computing, or D-Wave Quantum to surface first in the conversation. What investors may not fully realize, however, is that a number of megacap tech companies are also exploring the advantages of quantum artificial intelligence (AI).For instance, cloud hyperscalers Microsoft and Amazon have each designed their own quantum chips. Meanwhile, Nvi ...

涉及的公司与行业 * 公司：甲骨文公司 [1] * 行业：科技、媒体与电信投资级信用债 [3] 核心观点与论据 * **投资评级与观点**：报告对甲骨文维持“中性”评级，认为其信用利差缺乏持续收窄的明确催化剂 [3] 信用利差在财报发布后两天平均走阔约30个基点，5年期CDS达到近二十年高点 [3] * **财报表现评估**：F2Q业绩整体符合预期，但增长质量和潜在指标需谨慎看待 [8] 总收入同比增长13%至160.6亿美元，略低于预期的161.9亿美元 [8] 云收入同比增长33%，占总销售额一半 [8] 剩余履约义务同比激增433%，环比增长15%，达到5230亿美元 [8] 自由现金流因资本支出高于预期而大幅下降至-100亿美元 [8] * **业绩指引与资本支出**：管理层重申2026财年670亿美元的收入目标 [8] 将2026财年资本支出指引大幅上调约150亿美元至约500亿美元 [3][8] 预计F3Q云收入同比增长39%，总收入增长17% [8] * **云基础设施业务**：OCI收入增长66%至41亿美元 [10] GPU相关收入同比增长177%，多云数据库消费量同比增长817% [10] * **资产负债表与融资**：F1Q末总债务1080亿美元，现金及等价物200亿美元，净杠杆率约3.32倍 [10] 管理层将AI基础设施建设融资方案主要框定在债务范畴，包括高级无担保债券、定期贷款和私人信贷 [3][4] 资产负债表外新增2480亿美元的租赁承诺，主要与数据中心相关 [10] * **信用评级与风险**：三大评级机构给予投资级评级，但穆迪和标普展望为负面 [2] 穆迪确认Baa2评级，但指出交易对手风险以及支持增长所需的支出和承诺是主要的信用担忧 [10] 报告认为，要实质性缓解担忧，公司需要承诺维持BBB中段评级、削减股息、阐明杠杆目标或表示对股权融资持开放态度 [3] 其他重要内容 * **客户集中度与风险**：管理层强调Meta和英伟达是关键超大规模客户，但显著避免提及OpenAI [8][10] 报告指出这凸显了风险集中度以及规模化AI基础设施盈利面临的竞争挑战 [8] * **租赁负债处理**：标普和穆迪表示会将租赁负债合并计入经调整的杠杆率，并利用披露的表外租赁承诺来预测杠杆率 [10] * **融资结构可能性**：报告认为，尽管普通股发行可能性极低，但甲骨文最终可能需要转向混合或优先股发行，以部分解决投资者担忧并控制杠杆 [4] * **市场情绪与担忧**：财报整体基调令人失望，加剧了市场对AI资本支出上升和基本需求质量的担忧 [3] 投资者越来越关注执行风险、自由现金流压力以及甲骨文可能正在前置一个比当前指引更具波动性的周期 [3]

集体诉讼案件概述 - 律师事务所Robbins Geller Rudman & Dowd LLP宣布，针对F5公司的证券集体诉讼已提起，案号为Smith v. F5, Inc., No. 25-cv-02619 (W.D. Wash.) [1] - 该诉讼旨在代表在特定“集体诉讼期”内购买或获得F5公司证券的投资者，指控F5及其部分高管违反了1934年《证券交易法》 [1] - 希望作为首席原告的投资者需在2026年2月17日前向法院提交动议 [1] 公司业务与指控核心 - F5是一家全球多云应用安全和交付公司，帮助客户在本地或公共云上部署、保护和管理应用 [2] - 诉讼指控，在集体诉讼期间内，被告制造了虚假印象，让人误以为其拥有关于F5收入前景和预期增长的可靠信息，并淡化了季节性和宏观经济波动的风险 [3] - 指控称，F5当时实际上正遭受一起重大的安全事件，这使其客户的安全和公司未来前景面临重大风险，与其宣扬的行业最佳安全能力和对满足客户安全需求的信心不符 [3] 指控涉及的关键事件与市场影响 - 2025年10月15日，F5披露在2025年8月发现一个高度复杂的国家级威胁行为体长期、持续访问了其某些系统并下载了文件，受影响的系统包括其BIG-IP产品开发环境和工程知识管理平台 [4] - 此消息披露后，根据起诉书，F5股价在两个交易日内下跌了近14% [4] - 2025年10月27日，F5发布了2025财年第四季度业绩，并提供了远低于市场预期的2026财年增长指引，主要原因包括此次安全漏洞 [5] - F5宣布预计销售和续订将减少、销售周期延长、预测终止，以及因持续补救工作导致费用增加 [5] - 被告还披露，此次安全漏洞涉及的产品BIG-IP是F5收入最高的产品 [5] - 在此消息披露后，根据起诉书，F5股价在两个交易日内下跌了近11% [5]

What is the future of the AI trade and how are you playing it next year. Art, is it Mac 7 or Bust for you. >> Uh, it's not.And I'll tell you this, I think this was the year after uh 3 years of AI u being rolled out and the revolution starting where investors clearly had to start to differentiate. And the differentiation point really came to the fact that if you're spending massive amounts of money on capex to build out your large language model, that's fine if it's coming from free cash flow. If you're putt ...

Dan Hernandez/San Francisco Chronicle via Getty Images Citrini Research just unveiled its 26 bets heading into the new year. The firm's annual investment watchlist largely beat the S&P 500 this year. In 2026, it's dialed its focus on themes like automation, weight loss drugs, and female consumer spending. Slop bowls. AI layoffs. What your girlfriend spends money on. All of those themes have a place in investors' portfolios for 2026, according to Citrini Research, which unveiled its top bets for t ...

Now to shift gears and get some insights on the news that is shaping the overall markets. For that, we'd like to welcome in Dale Smothers, president and CEO at RDS Wealth Management. Dale, thanks so much for being with us on this Friday.I mean, looking back at the year that was in 2025. Why do you think the this bull market is still met with so much caution. >> Jenny, you're exactly right.It was the uh climbing the wall of worry is an analogy that I like to use. This this market has been resilient. The cons ...

Rep. Cleo Fields (D-La.) has been buying Magnificent Seven stocks aggressively in 2025 with multiple purchases totaling hundreds of thousands and sometimes millions of dollars. His latest disclosure shows two of the seven stocks were bought in December, which might point to a favorite for 2026. • Alphabet stock is trading near recent highs. Where are GOOGL shares going?Fields’ New DisclosuresFields made several stock purchases and sales during the month of December according to a new filing shared by the Be ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty ImagesSeeking Alpha News Quiz Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition. Good morning! Here is the latest in trending:Financial lifeline: The EU has committed €90B to Ukraine, but the bloc failed to agree on a plan to use frozen ...

Equity benchmark indices Sensex and Nifty surged on Friday after four days of decline in tandem with a rally in global markets as a lower-than-expected US consumer price inflation data for November reinforced expectations of further interest rate cuts by the Federal Reserve.Photograph: Danish Siddiqui/ReutersFresh foreign fund inflows also drove the equity markets higher.The 30-share BSE Sensex jumped 447.55 points, or 0.53 per cent, to settle at 84,929.36.During the day, it surged 585.69 points, or 0.69 pe ...

Oracle stock's recent sell-off reflects growing unease about the cost and timing of its AI infrastructure gamble.If there were any concerns about Oracle's (ORCL +0.88%) growth slowing, the company put those concerns to rest last week. The tech company reported fiscal 2026 second-quarter results that showed another double-digit jump in revenue and accelerating growth in its cloud infrastructure business. Still, the stock dropped sharply as management lifted its data-center spending plans again -- a move that ...