Why Oracle, Arm, and Other Artificial Intelligence (AI) and Semiconductor Stocks Tanked on Friday
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Oracle, Arm, and other AI and semiconductor stocks fell on Friday due to a strong jobs report, raising concerns about inflation and potential interest rate cuts by the Federal Reserve.
January 10, 2025 | 7:00 pm
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Oracle's stock declined as part of a broader sell-off in AI and semiconductor stocks, driven by a strong jobs report that raised inflation concerns and potential interest rate cuts.
Oracle, being part of the AI and semiconductor sector, was affected by the market's reaction to a strong jobs report. This report heightened inflation concerns, leading to fears of interest rate cuts by the Federal Reserve, which negatively impacted stock prices in this sector.
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