U.S. tech and AI-related stocks plummeted in premarket trading after Oracle missed earnings and AI spending expectations. Oracle’s stock dropped 11%, with other AI-focused stocks like CoreWeave, Nvidia, and AMD also falling significantly.

Investors were spooked by Oracle’s higher-than-expected AI spending and earnings miss, raising questions about the profitability of the AI sector. The market is uncertain about when and how profits from the AI boom will materialize, causing concern among investors.

Read more at Dow Jones & Company: U.S. Tech Stocks Tumble in Premarket Trading After Oracle Report