Fluence Energy (FLNC) Nosedives 12.86% on AI Selloff

Group 1 - Fluence Energy Inc. (NASDAQ:FLNC) experienced a significant decline of 12.86% on Wednesday, closing at $18.57, marking its fourth consecutive day of losses as investors sold off AI-linked stocks due to concerns over heavy spending in the industry [1][3] - The drop in Fluence's stock price was influenced by Blue Owl Capital's withdrawal of $10 billion in support for Oracle Corp.'s data center, raising worries about financial institutions' apprehensions regarding the scale of borrowings in the industry [2][3] - Oracle confirmed that Blue Owl's funding support was withdrawn due to concerns over its $108 billion debt, which has increased significantly from the previous year as Oracle aggressively expanded in AI, although the construction of the data center remains on track [3] Group 2 - Fluence Energy is recognized as an energy storage solutions provider and had recently gained positive attention from seven investment firms, including UBS, Citigroup, and Goldman Sachs, which provided bullish coverage and higher price targets [4] - Despite the potential of Fluence as an investment, there is a belief that some AI stocks may offer greater returns with limited downside risk, suggesting a competitive landscape for investment opportunities [5]