this S&P 500 Index and Dow Jones Industrial Average Thursday’s gains saw both hit new closing records. this Russell 2000 The index also hit a new high after the Federal Reserve cut interest rates by a quarter of a basis point on Wednesday.

But if investors analyze the trend of individual stocks on Thursday, they will find that the performance of artificial intelligence is not satisfactory. Oracle One day after the earnings report was released, the stock price plummeted nearly 11%. Quarterly revenue weak, Increased capital expenditures and long-term lease commitments. Oracle’s decline has dragged down AI-related names such as NVIDIA and Micron.

In an extension transaction, Broadcom Shares fell 4.5%. The chipmaker’s earnings and revenue beat Wall Street expectations, but CEO Hock Tan appeared unable to address concerns about its largest customer, Googlewhich may eventually produce more chips in-house. Rising memory prices will also put pressure on profit margins, while the company’s chip agreement with OpenAI may not be binding.

This is why the technology content is high Nasdaq Composite Index It fell 0.26% despite other major U.S. stock indexes hitting record highs. Put the two together, and it means investors are moving away from the tech sector and into other parts of the market. For example, the S&P 500 financials sector closed at a new high, driven by gains in stocks. visa and MasterCard.

While the topic of artificial intelligence appears to be under scrutiny, other industries are performing well against the backdrop of a strong U.S. economy — Fed officials said Wednesday — and was boosted by a rate cut. As long as nothing gets in the way of work, it looks like we’re all set for a fun holiday.

— CNBC’s Kristina Partsinevelos contributed to this report.

U.S. stocks hit new highs. S&P 500 and Dow Jones Industrial Average Thursday’s new highbut the Nasdaq Composite Index, heavy burden Oracle underperformed and fell. Asia-Pacific markets rose on Fridayseveral major stock indexes rose by at least 1%.

Broadcom’s fourth-quarter results beat expectations. The chipmaker also saw a net profit Almost doubled from a year agoand reveal Anthropic is a $10 billion customer. But shares plunged in after-hours trading.

Disney will invest $1 billion in OpenAI. The media giant will also allow OpenAI’s video generator Sora Use their copyrighted personaunder a $1 billion licensing agreement. “We think it’s a good investment for the company,” disney CEO Bob Iger told CNBC.

Reddit launches legal challenge in Australia. The county enacted a ban on social media use by youth under 16 that took effect Wednesday. Reddit believes the law is “based on implicit freedom of political communication“.

(PRO) Where will Oracle go from here? analysts are revisit their price targets Oracle stock took a hit after the company released a disappointing and confusing earnings report on Wednesday.

Trump’s national security strategy scares Europe. Former CIA director says it’s not a bad thing

new white house national security strategy Europe panicked last week as it warned the region faced “civilizational destruction” and questioned whether it could continue to be a geopolitical partner to the United States.

David Petraeus, a four-star U.S. Army general and former CIA director, said the strategy “is to some extent going after the Europeans, but frankly, some of the Europeans need to be chased because I’ve seen four different presidents try to exhort the Europeans to do more for their own defense, and now that’s actually happening.” CNBC’s Dan Murphy Thursday in Abu Dhabi.

— Holly Elliot