Stocks fell in the afternoon session as investors moved away from AI-linked high-flyers due to disappointing earnings reports from Oracle and Broadcom. Oracle missed revenue estimates and increased capital expenditures by $15 billion, raising concerns about AI infrastructure spending. Despite beating earnings, Broadcom’s stock dropped as CFO Kirsten Spears warned of potential pressure on gross margins. This led to a macro rotation away from AI infrastructure plays. Mirion’s shares were impacted but the market sees the news as significant without fundamentally changing the business perception. The stock is up 47.2% this year but still below its 52-week high.

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