The Nasdaq index witnessed a significant decline at the start of the Asian trading session following Oracle’s release of earnings that fell short of market expectations. Consequently, concerns regarding an AI bubble have resurfaced.
The Nasdaq plummeted by 415 points, landing at 25,385, a level not seen since early December. Alongside the Nasdaq, Gold also took a hit, dropping to $4,209.30 per troy ounce after briefly rising to $4,247.66 per troy ounce in the morning.
Khuyến khích
Khuyến khích
Khuyến khích
Khuyến khích
Oracle reported revenues of $16.06 billion for the three-month period ending November 30, which is below Wall Street’s estimate of $16.21 billion. This revenue miss signals that growth may not be as robust as the market had anticipated, particularly following substantial investments in the AI sector.
Such news has caused investor anxiety regarding Oracle’s future profitability, reviving fears of an AI bubble, leading to a downturn in U.S. tech stocks during after-hours trading. The Nasdaq index experienced a notable drop.
Interestingly, Gold’s price decline can largely be attributed to kiếm lời. Given that Gold prices have seen impressive growth throughout the year, both investors and traders are likely liquidating their positions in favor of cash, especially as the year draws to a close.
The volatility of Gold is expected to remain high due to continued positive sentiment from the Federal Reserve’s interest rate cuts and the substantial bond-buying program (quantitative easing/QE) amounting to $40 billion. QE is often a significant factor driving up Gold prices.
