Shares of technology companies fell after disappointing earnings from Oracle.
While the business software maker's per-share earnings exceeded Wall Street expectations, investors remained concerned about cash-flow metrics, given the costs of servicing debt related to its artificial-intelligence infrastructure spending.
Credit investors are skeptical that Oracle's deal to provide $300 billion worth of AI computing services to OpenAI will prove viable.
"Remember the old quote from T. Boone Pickens?" said Eric Marshall, president of Dallas mutual-fund firm Hodges Capital. "'Anything that can be built will be overbuilt eventually.'"
AI analytics Palantir is suing rival Percepta alleging it was formed as a "copy cat" company, and is making a sprawling effort to poach Palantir's workers and customers.
Texas Attorney General Ken Paxton filed an antitrust lawsuit against healthcare technology giant Epic Systems, alleging the company's setup can block parents from accessing their children's health information.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-11-25 1715ET
