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Trillion-dollar tech wipeout ensnares all stocks in AI’s path

Software stocks plunged so much that the value of those tracked in an iShares ETF has now dropped almost $1 trillion over the past seven days.

Brody Ford

Investors want to see Oracle turn its higher spending on infrastructure into revenue as quickly as it has promised.

Oracle fell the most in almost nine months after giving its long-range financial outlook, down as much as 8.2% Friday in New York.

Still, investors are waiting to see a more significant revenue contribution from Agentforce.

Microsoft on Tuesday said it would cut about 6,000 workers across the company.