Oracle bone inscriptions created the largest single-week decline since the bursting of the Internet bubble in 2001.
Oracle fell 2.58%, closing at $148.53, a cumulative drop of 19.4% this week, marking the largest weekly decline since the low point of the Internet bubble burst in August 2001, as investors' concerns about AI financing escalate. In the latest fiscal year, the company's capital expenditures surged by 162%, with a nearly $24 billion deficit in free cash flow, and a debt of up to $130 billion.
ON Semiconductor fell 23.66%, marking its worst performance since 2020, closing at $90.65, with a cumulative decline of 25.46% this week. The company's acquisition of Synaptics to enter the field of physical AI was its largest merger in history. CEO Hassane El-Khoury defended the core business, stating, "This deal complements all the achievements we have made on solid ground perfectly."
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