00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Investor sentiment weakened around AI infrastructure stocks as Broadcom, Oracle,
00:07and Corweave extended recent declines, according to CNBC. Investors are focusing on whether heavy
00:13capital spending, rising debt, and margin pressure can deliver returns that justify
00:17the scale of investment. Broadcom and Oracle both reported revenue beats and issued forecasts
00:23pointing to strong AI demand, yet their shares fell after earnings. Oracle said it will raise
00:28capital expenditures to $50 billion this fiscal year and disclosed $248 billion in long-term
00:35lease commitments tied to data centers and cloud capacity. Broadcom CEO Hawk Tan said AI chip sales
00:41are expected to double from a year earlier to $8.2 billion this quarter, driven by custom chips
00:47and AI networking semiconductors. Corweave shares also slid, with analysts highlighting elevated
00:53leverage across the AI infrastructure trade. For all things money, visit Benzinga.com.
00:58the
01:03market
01:05and
01:07the
01:09market
01:11and the
01:13market
Comments