Tech Slides as Oracle, Broadcom Revive AI Bubble Concerns - Tech Roundup
Shares of technology companies slid as fears about the sustainability of the artificial-intelligence boom returned with a vengeance.
Artificial-intelligence chip maker Broadcom posted better-than-expected earnings for its October quarter late Thursday, but failed to quell investor concerns about its progress capitalizing on the AI boom.
Bloomberg News reported that Oracle had pushed back delivery of some data centers in its multibillion dollar deal with OpenAI from 2027 to 2028.
Oracle pared losses after saying all data centers in the deal were on track.
OpenAI on Thursday announced the release of GPT-5.2, calling the artificial-intelligence model its most advanced for professional knowledge work.
Wealthfront's stock opened at its IPO price on Friday, a muted debut for the robo adviser.
Circle and Ripple were among the crypto upstarts that received approval on applications filed with the Office of the Comptroller of the Currency. The OCC, part of the Treasury Department, regulates national banks.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
December 12, 2025 17:43 ET (22:43 GMT)
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