By Rich Smith, The Motley Fool
Publication Date: 2026-06-05 17:41:00
oracle (NYSE:ORCL) Shares plunged along with the rest of the stock market today, falling 8.7% as of 1 p.m. ET on Friday, and it’s no big secret why.
Manufacturer of specialty chips Broadcom (NASDAQ:AVGO) reported earnings on Wednesday, and while the news was good — on both sales and earnings, and a forecast for 89% revenue growth in the third quarter — investors were spooked when they realized that Broadcom’s revenue forecast implied that sales of its artificial intelligence chips would only triple in the third quarter, rather than grow even faster as analysts had hoped.
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Broadcom was sold yesterday on this newsand today the panic appears to be spreading to other tech stocks.
What Broadcom’s profits mean for Oracle
Oracle has tied its future to AI…
