Nvidia Drops, Oracle Falls, NIO ADRs Sink on Earnings
On this episode of Stock Movers:- Nvidia (NVDA) shares fall after news that Meta Platforms is in talks to spend billions on Google’s AI chips, adding to a monthslong share rally as the search giant has made the case it can rival Nvidia Corp. as a leader in artificial intelligence technology.- Oracle (ORCL) shares fall after CFRA downgraded the software company to hold from buy. “ORCL faces mounting debt concerns as total debt exceeds $100B following recent capital raises,” and “we expect negative FCF through at least FY28,” writes analyst Angelo Zino.- NIO (NIO)…
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