AI-led tech slide extends as Oracle, Nvidia, down in premarket trading

US AI names were in negative territory in premarket trading on Friday, extending losses for a third day.

Seer was 1.3% lower in premarket trading, Nvidia And Micron fell 0.9% and CoreWeave It was down 1.4% at 04:30 GMT.

Cloud computing and database software maker Oracle’s share price fell on Thursday and ended the session about 11% lighter on Wednesday after revenue earnings missed analysts’ expectations.

Despite a record-breaking rally elsewhere on Wall Street, it pulled other AI-related names down with it, suggesting investors are shifting away from the technology to other parts of the market.

Technology-oriented Nasdaq Composite It fell 0.26% on Thursday, even as the Dow Jones Industrial Average and S&P 500 set new records at the end of the session.

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