Sep 14, 2026 · 6 min
AI slowdown rattles chips as software stocks rebound
Micron Slides, Oracle Slips, Rum Group Rallies
The episode maps how shifting confidence in AI infrastructure is moving markets while new compute deals and smarter-city plans point to the next phase of technology investment.
- 1AI-development concerns pressure memory stocks, chipmakers, and neocloud companies as investors reassess the trade.
- 2Oracle faces planned job cuts and a canceled insider share sale while software and cybersecurity stocks rebound.
- 3Rumble rallies on a reported multibillion-dollar Anthropic compute deal before the episode turns to AI-enabled urban planning.
Don't miss
Rumble rallies after a report suggests Anthropic may be the undisclosed customer in its multibillion-dollar, multiyear compute agreement.
The brief
The episode opens with a question about whether rapidly growing cities can become smarter, then pivots to a market shaken by doubts about AI development.
The Stock Movers Report tracks pressure on memory stocks, chipmakers, and neocloud companies, alongside a rebound in software and cybersecurity shares.
Oracle’s planned job cuts and Larry Ellison’s canceled insider share sale add corporate signals to the market’s broader reassessment of the AI trade.
Rumble emerges as the strongest pre-market performer after a report suggests Anthropic may be the undisclosed customer behind its multibillion-dollar compute agreement.
The closing discussion returns to urbanization, examining how AI and long-term planning could help cities such as Dubai manage rapid population growth.
What was said on this episode
13 statements · 7 positive · 6 negative
Oracle shares are down 3%.
“Oracle down 3%, ticker ORCL.”
Listen at 0:45
Oracle is increasing the scale of planned job cuts.
“this company is increasing the scale of its planned job cuts.”
Listen at 0:50
Oracle’s planned job cuts are expected to cost $2.8 billion overall.
“That's seen adding another $700 million in costs, bringing the overall estimate to $2.8 billion.”
Listen at 0:54
Micron and SanDisk shares are down 5%.
“shares like Micron down 5%, ticker MU SanDisk down 5%.”
Listen at 1:24
Kyoshio is considering raising about $10 billion through a U.S. listing.
“Kyoshio, which is a Japanese memory maker, is said to be considered raising about $10 billion in a U.S. listing.”
Listen at 1:32
Nebius and CoreWeave shares are down 7% pre-market.
“Nebius down 7%, CoreWeave also down 7% in the pre-market.”
Listen at 1:50
NVIDIA is down 3%, while Intel and AMD are down over 5% pre-market.
“NVIDIA down 3%. percent, varying a little bit better than the names like Intel, AMD, both down over 5 percent in the pre-market.”
Listen at 1:58
ServiceNow is up 4% and Adobe is up 2% pre-market.
“ServiceNow, ticker NOW, up 4%, Adobe up 2% in the pre-market.”
Listen at 2:28
CrowdStrike and Palo Alto Networks protect computer infrastructure.
“CrowdStrike, CRWD. 5.5% Palo Alto Networks, P-A-N-W. These are companies that protect the computer infrastructure.”
Listen at 2:37
Cybersecurity stocks are up over 75% year to date.
“these cybersecurity names are up over 75% year to date.”
Listen at 2:54
Rumble appears to be gaining customers, including a major AI company.
“it looks like it's starting to get some customers and a really big name in AI.”
Listen at 3:48
Dubai responded effectively to its sudden population increase.
“they reacted very well to it.”
Listen at 5:03
Dubai has a long-term urban planning vision.
“They have a long-term urban planning vision”
Listen at 5:05
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Nathan Hager
Larry Ellison
Bloomberg Audio StudiosBooks & mentions
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