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Broadcom and Oracle sell off as AI spending concerns resurface
Broadcom and Oracle shares fell as cautious revenue outlooks revived concerns around AI spending and returns.
Technology stocks faced pressure as Broadcom shares dropped sharply despite strong quarterly results, while Oracle slid after issuing weaker-than-expected revenue guidance. The declines weighed on broader AI-linked stocks, including Nvidia, as investors reassessed the pace of monetisation relative to rising capital expenditure across cloud and artificial intelligence infrastructure.