BySiladitya Ray,
Forbes Staff.
Major AI stocks slumped in premarket trading early on Thursday, led by an 11% decline in Oracle’s share price after the cloud computing giant released quarterly earnings on Wednesday that missed analysts' expectations.
In premarket trading early on Thursday, Oracle’s stock slumped to $197.33, down more than 11.5% from Wednesday’s market close.
Shares of Nvidia, the top AI chipmaker, dropped around 1.6% to $180.80 in early trading, while rival AMD’s shares fell 1.73% to $217.60.
