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News  ›  Investing.com

S&P 500 Slips as Oracle’s AI Capex Shock Knocks Wind Out of Post-Fed Rally

Investing.com Logo Investing.com By Itai Smidt
S&P 500 Slips as Oracle’s AI Capex Shock Knocks Wind Out of Post-Fed Rally

The S&P 500 experienced a pullback after Oracle's underwhelming financial report revealed significant AI infrastructure spending, causing investors to reassess AI-related stock valuations following the Federal Reserve's latest rate cut.

Insights
ORCL   negative

Stock plunged 13-16% after missing revenue expectations and announcing increased data-center capital expenditures, signaling potential challenges in AI infrastructure investment