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Stock impact report

Here Are the Top ETFs Holding Oracle after Its Nosedive [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
After it hit a record high of over $328 per share in September, the stock has been declining, falling to about $178 by the middle of last week before rebounding to $192 by Friday. That happened as Blue Owl Capital, the biggest partner in its data centers buildout, reportedly opted against backing a new center in Michigan, prompting an exodus by investors who have grown anxious about the monumental capital expenditures around artificial intelligence. Amid an ongoing AI fever, many ETFs hold Oracle, especially because of the stock's high placement in the S&P 500 and other large-cap indexes. “We had some exposure. We no longer have exposure, but we're unique in that our processes are just systematic,” said Ryan Kirlin, president of Alpha Architect, citing the firm's US Quantitative Momentum ETF (QMOM), which sold its Oracle holdings after the stock's peak and the decline in momentum. “There's no human element.” SUBSCRIBE: Receive more of our free ETF Upside newsletter. READ ALSO: SE Show less Read more
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