AI capex stress: Nasdaq correction, Oracle share sale, record commitments
The Nasdaq 100 is in a correction while Big Tech's off-balance-sheet commitments hit $3.3T and Oracle reportedly nears a ~$10B discounted share sale.
What we know
First Squawk says the Nasdaq 100 is in a correction. Kobeissi reports record $3.3T commitments, and leveraged ETF inflows hit +$15B in a month. An account on X reports Oracle's ~$10B sale at an 11% discount. Twinsight notes the Nasdaq reversal and the Marvell/Lumentum fall. Chambers warns of AI train wrecks.
How the story developed
The Nasdaq 100 is in a correction while Big Tech's off-balance-sheet commitments hit $3.3T and Oracle reportedly nears a ~$10B discounted share sale.
Big Tech capex hit a record $201.9B in Q3 as AI stocks fell 13% in October, leaving markets leaning heavily on Nvidia's upcoming earnings.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.