US AI-related stocks fell before the market, continuing this week's turbulent trend. Oracle's disappointing second-fiscal quarter earnings report released on Wednesday triggered a wave of AI stock sell-offs, while Broadcom's results on Thursday raised further concerns. Chipmakers Nvidia and AMD fell 1% and 1.2%, respectively, in pre-market trading, while cloud computing providers Oracle and CoreWeave fell 1% and 1.5%, respectively. Broadcom dropped 5.2%. Deutsche Bank's Jim Reid wrote that this week's decline is part of a broader shift in AI trading. “Seems... since the beginning of October, AI trading has changed from a general boom pattern to a situation where there are winners and losers,” Reid said. Alphabet is up 30% over the past three months, while Oracle is down 35%.

US AI-related stocks fell before the market, continuing this week's turbulent trend. Oracle's disappointing second-fiscal quarter earnings report released on Wednesday triggered a wave of AI stock sell-offs, while Broadcom's results on Thursday raised further concerns. Chipmakers Nvidia and AMD fell 1% and 1.2%, respectively, in pre-market trading, while cloud computing providers Oracle and CoreWeave fell 1% and 1.5%, respectively. Broadcom dropped 5.2%. Deutsche Bank's Jim Reid wrote that this week's decline is part of a broader shift in AI trading. “Seems... since the beginning of October, AI trading has changed from a general boom pattern to a situation where there are winners and losers,” Reid said. Alphabet is up 30% over the past three months, while Oracle is down 35%.