AI valuation worries: Oracle raise, JPM warnings, Nvidia China curbs
Oracle sold $10B of stock at an 11% discount while JPMorgan voices AI correction concerns and Nvidia pushes clients to reduce China exposure. Chart-based bubble warnings circulate alongside.
What we know
Oracle priced $10B of stock at $116 alongside multiple note tranches. JPMorgan's Pinto questions whether AI firms can justify valuations. The FT reports Nvidia wants cloud providers to sell at least 51% to non-Chinese customers. An account on X compares S&P/M2 to 2000. Goldman reportedly banned AI coding tools.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.