US Stock Market Move | Chip stocks collectively fell, with NVIDIA Corporation (NVDA.US) dropping more than 2.6%.

Chip stocks collectively fell, as of the time of writing, NVIDIA Corporation (NVDA.US) dropped more than 2.6%, AMD (AMD.US) fell more than 2%, Micron Technology, Inc. (MU.US) fell 0.24%, Oracle Corporation (ORCL.US) fell more than 5%, and Broadcom Inc. (AVGO.US) fell more than 3.9%. On the news front, Oracle Corporation suffered a major setback in its ambitious artificial intelligence infrastructure expansion plan, as its largest data center partner, Blue Owl Capital, has decided to no longer support a $10 billion data center project. However, Oracle Corporation later responded that negotiations for the project are still proceeding as planned, and overall progress is in line with expectations.