Tag: capital expenditure
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Oracle setback rekindles AI spending fears as US tech stocks slide
US Tech Stocks Weaken on Oracle Data Centre Setback US technology shares slipped on Wednesday after Oracle Corp. reportedly lost a key backer for a major data centre project. The development reignited investor concerns about the escalating costs of artificial intelligence (AI) infrastructure and the mounting debt used to fund aggressive AI ambitions. With the…
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US Tech Stocks Fall as Oracle Data Center Setback Sparks AI Fears
Overview: a tech sector under pressure US technology shares fell on Wednesday as investors reassessed the risk-reward of aggressively funded AI ventures. The decline came after Oracle announced it had lost a key backer for a planned data center project, a setback that renewed concerns about the high-cost race to deploy artificial intelligence infrastructure. Traders…