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Stocks close sharply lower as AI anxiety returns [MSNBC.com]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Stocks dropped sharply Wednesday as jitters about the booming artificial intelligence sector once again returned to the top of investors' minds.The catalyst for the tumble was, once again, a story about the cloud computing giantOracleBefore the opening bell rang,The Financial Times publishedBlue Owl is a fund that has been the "primary backer for Oracle’s largest data center projects in the U.S.," according to the report.In a statement, Oracle said "the FT story is incorrect" but confirmed that Blue Owl was not part of the funding talks."Our development partner, Related Digital, selected the best equity partner from a competitive group of options, which in this instance was not Blue Owl," a spokesman for Oracle said. "Final negotiations for their equity deal are moving forward on schedule and according to plan."Related Digital said in a statement shortly after Oracle’s, "The notion that Blue Owl walked away is unequivocally false." The company said it expects "to deliver the project o
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- World shares are mixed after AI worries drag Wall Street tech stocks lower [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- 5 Insightful Analyst Questions From Broadcom's Q3 Earnings Call [Yahoo! Finance][Yahoo! Finance]
- Asian shares follow Wall Street lower as AI worries drag tech stocks lower [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Broadcom (AVGO) Soars Past Expectations with Blockbuster Results, Forecasts $8.2B AI Revenue Driven by XPUs and Networking [Yahoo! Finance][Yahoo! Finance]
- Broadcom Has Beaten the Market for 6 Straight Years. Can It Continue to Outperform in 2026? [Yahoo! Finance][Yahoo! Finance]
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