U.S. artificial intelligence names were in negative territory in premarket trading on Friday, extending losses into their third day.
Oracle was 1.3% lower in premarket trading, Nvidia and Micron fell 0.9%, and CoreWeave was down 1.4% at 4:30 a.m. ET.
The share price of cloud computing and database software maker Oracle plummeted on Thursday, ending the session around 11% lighter after revenue earnings missed analyst expectations on Wednesday.
It dragged other AI-related names down with it despite a record-breaking rally elsewhere on Wall Street, suggesting investors are rotating out of tech into other parts of the market.
The tech-heavy Nasdaq Composite fell 0.26% on Thursday, despite the Dow Jones Industrial Average and S&P 500 hitting fresh records at the end of the session.
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