The week gone by was quite an eventful one for AI investors as they started feeling the tremors. Stocks such as CoreWeave, Super Micro Computer and SoftBank tanked over 20 per cent. These three stocks have lost 44 per cent, 40 per cent and 22 per cent, respectively, from their highs recorded this year.

Oracle, which had given sky high projections to multiply its cloud infrastructure business (cloud servers that can support AI applications), fell 9 per cent during the week and is down 31 per cent since the all-time high it hit in September. It has virtually lost all the gains it made since the mind-blowing projections for its FY30 revenue.

Even Mag 7 members such as Nvidia, Tesla, Microsoft and Meta Platforms were not spared as they lost anywhere between 4 and 9 per cent during the week.

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