📉 Nasdaq Weakness & Tech Stock Declines

Nasdaq fell sharply — dropping to a one-week low — as investor sentiment soured on big tech and AI-linked names following disappointing results and forward guidance from Oracle. The Nasdaq 100 also logged notable losses.

The broader Nasdaq Composite and tech sector were the main drags on market performance even as other indexes like the Dow and S&P 500 stayed mixed or rose.

📊 Nvidia & Oracle: Key Drivers of the Sell-Off

Oracle’s plunge

Oracle’s stock plummeted (around 12-15%) after reporting weaker-than-expected quarterly results and rising AI-related expenditures, reigniting fears about valuations and spending in the AI space.

The sharp drop in Oracle also fueled broader AI-sector skepticism, hitting other chip and cloud infrastructure stocks.

Nvidia’s slide

Nvidia shares were lower alongside other AI and chip makers as the tech sell-off spread. Declines were tied to the broader reassessment of AI valuation risk and Oracle’s disappointing results.

Other major tech stocks, including Meta, Broadcom and AMD, also moved down in sympathy amid the sell-off.

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