U.S. Tech Stocks Tumble in Premarket Trading After Oracle Report

U.S. tech and AI-related stocks were falling in premarket trading Thursday as investors responded to Oracle's consensus misses for both earnings and AI spending. Though Oracle's losses are deeper premarket—down 11%—AI-focused stocks also dropped. Cloud- computing provider CoreWeave fell 3.4%, while chip makers Nvidia and AMD slid 1.9% and 1.5%, respectively. Oracle's higher-than-expected AI outlay, paired with an earnings miss, prompted investor concerns over how and when profits from the AI boom will mater ...