Shares of NetApp (NASDAQ:NTAP) dropped 2.7% as investors shifted focus from growth to returns following lackluster earnings reports from Oracle and Broadcom. Oracle missed revenue estimates and increased capital expenditures, sparking fears of AI infrastructure overspending. Broadcom’s CFO warned of potential gross margin pressures, leading to a rotation away from AI plays. NetApp closed at $115.66, down 2.9% from the previous close. The market considers this news significant, but not necessarily game-changing. NetApp’s stock has been relatively stable, with only 7 significant moves in the past year. The company’s recent weak revenue forecast overshadowed solid earnings, leading to the current decline.

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