Key points:

• Stocks move lower Wednesday
• S&P 500 clocks fourth straight loss
• Oracle leads declines with 5.4% drop

Stocks got hammered out there as the AI trade continued to unravel. Oracle was among the heaviest decliners, shedding nearly 6% on a bad report.

📉 Tech Selloff Deepens Market Pain

• The S&P 500 slid 1.2%, logging its fourth straight losing session, while the Nasdaq cratered 1.8% for its worst drop in nearly a month. AI powerhouses suddenly look very fragile and weak.
• Alphabet, Nvidia, and Tesla each fell about 3%, proving once again that when a few big-tech bros head lower, the markets follow suit.
• With year-end approaching, traders are trimming exposure to crowded AI trades that now feel… a little too circular.

🏗️ Oracle Sparks AI Reality Check

• Oracle dropped roughly 6% after reports questioned funding for its massive data-center expansion tied to a $300 billion OpenAI computing deal.
• The Financial Times said Blue Owl won’t back a planned $10 billion Michigan data center, raising eyebrows about how these AI dreams get financed.
• Oracle insists negotiations are “on schedule,” but markets weren’t buying the reassurance – capital intensity has officially entered the chat.

🎭 A Few Side Shows, Little Relief

• Netflix managed a small gain after Warner Bros. Discovery told shareholders to reject Paramount Skydance’s hostile bid – Hollywood drama, but no market-saving twist.
• Outside tech, there was little shelter, as selling pressure remained broad and relentless.
• Bitcoin resumed its slide, diving under $85,000 a piece as crypto bros were desperately trying to see the bright future of digital assets but short-termism prevailed for the day.

Source: Tradingview