小狐先生

On December 11, 2025, Oracle released its financial report for the second fiscal quarter of 2026, ending November 30, 2025. Total revenue grew by 14% year-on-year to $16.058 billion, and net profit surged by 95% year-on-year. Cloud business revenue accounted for 50% for the first time, while remaining performance obligations (RPO) soared to $523 billion (a year-on-year increase of 438%); however, the capital market responded with a severe sell-off, with the stock price dropping more than 11% after hours, and a total decline of 15% over two days, resulting in a market value evaporating by hundreds of billions of dollars. Interestingly, on September 10 of this year, Oracle's stock price soared over 40% in one day due to the disclosure of significant cloud service commitments with a major AI client. Its co-founder Larry Ellison briefly topped the list of the world's richest due to the surge in stock price, but now, with the stock price plummeting, this title fluctuates with the stock price.

The Federal Reserve's December 2025 interest rate decision was less a "rate cut" and more a "policy declaration" setting the tone for global markets over the next 1-2 years. The meeting not only lowered the federal funds rate by 25 basis points, but also, through a significantly divided vote, the resumption of short-term Treasury bond purchases, and the dot plot indicating "one rate cut each in 2026 and 2027," clarified the core direction of "slow-paced easing + liquidity restoration." This direction directly ruled out the possibility of "massive stimulus" and locked in the core characteristic of the market outlook—a departure from a broad-based rally, entering a structural market that only recognizes "certainty."

#英伟达财报
Now the 'heart' of the global financial circle hangs on NVIDIA — after all, this entity is not only the 'leader' of the AI circle but also the 'key rope' connecting government and tech companies' dual debts. The financial report it is about to release is like a 'CT scan' for the tightened debt chain!
First, let's review NVIDIA's recent 'roller coaster market', and behind this volatility lies a deep connection with dual debts: on one side is the 'mountain' of $38 trillion in U.S. national debt, and the Treasury is still planning to issue bonds to fill a $5.5 trillion gap; on the other side, companies like Amazon are issuing bonds to buy NVIDIA chips, with issuance soaring to four times the past five years. Out of $800 billion in AI private credit, more than half relies on chip demand. Now, we just have to see if NVIDIA's financial report is 'up to par' — if the data disappoints, the logic of AI investment will collapse, and both sides of the debt will fall like 'dominoes'!