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Tech stocks plunge as AI angst 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 on 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 cloud computing giantOracleBefore the opening bell rang, theFinancial 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.""The notion that Blue Owl walked away is unequivocally false," Related Digital said in a statement shortly after Oracle's. The company said it expects "to deliver the project on
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