智通财经网·2025-12-14 02:54Core Insights - The AI-driven market enthusiasm faced a harsh reality check following negative news from chip giant Broadcom and cloud service provider Oracle, leading to a significant sell-off in AI-related stocks [1][3][5] Group 1: Market Reaction - On December 12, a wave of selling hit AI-related stocks, with Broadcom's shares plummeting by 12%, dragging down both the S&P 500 and Nasdaq Composite indices by over 1% [1][3] - Oracle's stock also fell by more than 4%, contributing to a broader decline in the AI supply chain, with the Philadelphia Semiconductor Index dropping 5%, marking its worst single-day performance in nearly two months [3][13] Group 2: Company-Specific Developments - Broadcom reported record sales of $18 billion but failed to meet Wall Street's high expectations for AI business revenue forecasts, leading to an 11% drop in its stock price [6][10] - Oracle's disappointing earnings report and news of potential delays in data center construction for OpenAI raised concerns about the pace of AI infrastructure development, further shaking investor confidence [10][11] Group 3: Broader Market Implications - The sell-off extended beyond Broadcom and Oracle, affecting major beneficiaries of the AI boom, such as Nvidia, which saw a 3.2% decline, and other chip-related companies experiencing drops exceeding 10% [13][15] - The bond market also reacted, with investors demanding higher yield premiums for Oracle's bonds, indicating increased risk perception in the AI sector [5][15] Group 4: Diverging Market Perspectives - The recent market turmoil highlighted the critical importance of AI narratives, raising questions about investor patience regarding promised AI returns [7][17] - Some analysts view the current anxiety over high valuations and spending in the AI sector as a healthy caution signal, suggesting that the market may still have room for growth [17]