Investing.com -- 周五，Oracle股价下跌4%，此前彭博社报道称，微软正在终止一项从Oracle租用AI算力的安排，这加剧了投资者对AI基础设施支出可持续性的担忧，此前周四AI相关股票遭遇大幅抛售。
Investing.com -- Oracle shares fell 4% Friday after Bloomberg reported that Microsoft is winding down an arrangement to rent AI computing capacity from the company, adding to investor concerns about the sustainability of AI infrastructure spending following Thursday’s sharp selloff in AI-related stocks.
据彭博社援引知情人士报道，微软在最近几个月一直在关闭从Oracle租用的算力，此前微软拒绝续签合同。这一决定反映了微软正在对数十亿美元的云合作伙伴关系进行更广泛的重新评估，以评估其算力需求。
Microsoft has been turning off computing capacity rented from Oracle in recent months after declining to renew the contract, according to people familiar with the matter cited by Bloomberg. The decision reflects a broader reassessment of billions of dollars in cloud partnerships as Microsoft evaluates its computing needs.
知情人士称，随着时间推移，租用的算力变得不那么有用，因为它不再符合微软的规格要求。Oracle的硬件依赖Nvidia较旧一代的芯片，这可能限制了其对微软不断演变的AI工作负载的适用性。
The rented capacity became less useful over time because it no longer met Microsoft’s specifications, the people said. The Oracle hardware relied on older-generation chips from Nvidia, which may have limited its suitability for Microsoft’s evolving AI workloads.
微软拒绝置评。Oracle发言人表示，对其AI基础设施的需求依然强劲，包括对早期一代图形处理器（GPU）的需求。
Microsoft declined to comment. An Oracle spokesperson said demand for its AI infrastructure remains strong, including for earlier-generation graphics processing units (GPUs).
彭博社报道，这项于2023年宣布的协议，是微软为其Bing搜索引擎的新AI辅助版本争取额外算力努力的一部分。该安排的全部价值无法确定。
The agreement, announced in 2023, was part of Microsoft’s effort to secure additional computing power for a new AI-assisted version of its Bing search engine. The full value of the arrangement could not be determined, Bloomberg reported.
这笔交易之所以引人注目，是因为它涉及微软从一家主要竞争对手处租用服务器，当时对AI算力的需求超过了可用供应。它提供了一个早期例证，说明科技公司争相获取开发和部署日益强大的AI模型所需基础设施的情况。
The deal was notable because it involved Microsoft renting servers from a major competitor at a time when demand for AI computing capacity was outstripping available supply. It offered an early illustration of the scramble among technology companies to secure the infrastructure needed to develop and deploy increasingly powerful AI models.
Oracle试图消除对其客户流失的担忧，指出对旧一代GPU的持续需求。该公司在9月表示，正在以比原交易价格高出20%的溢价续签四年前GPU的合同。
Oracle sought to counter concerns about the departure, pointing to continued demand for older-generation GPUs. The company said in September that it was renewing contracts for four-year-old GPUs at a 20% premium to their original deal prices.
这一区别对于投资者而言可能至关重要，他们正试图判断微软的决定是预示着对甲骨文基础设施的需求减弱，还是仅仅反映了AI计算领域技术变革的快速步伐。
The distinction could be important for investors trying to determine whether Microsoft’s decision signals weakening demand for Oracle’s infrastructure or simply reflects the rapid pace of technological change in AI computing.
该报道的时机对甲骨文来说尤为不利。在周四科技股大幅抛售之后，投资者已处于紧张状态，当时纳斯达克综合指数暴跌5.5%，费城半导体指数暴跌12%，创下自2020年3月以来最大单日跌幅。这场抛售反映出市场对AI基础设施支出、数据中心扩张以及受投资热潮受益公司估值的日益担忧。
The timing of the report is particularly unfavorable for Oracle. Investors are already on edge following Thursday’s broad technology selloff, which saw the Nasdaq Composite plunge 5.5% and the Philadelphia Semiconductor Index tumble 12%, its steepest decline since March 2020. The rout reflected growing concerns about AI infrastructure spending, data-center expansion and the valuations of companies benefiting from the investment boom.
在此背景下，一家大客户终止AI计算安排的消息势必会引发更严格的审视，即使该决定更多地与硬件规格有关，而非需求的更广泛缩减。
Against that backdrop, news of a major customer winding down an AI computing arrangement is likely to attract heightened scrutiny, even if the decision is tied more to hardware specifications than to a broader reduction in demand.