US PRE-MARKET MOVERS: AI-linked stocks, ORCL, BWIN, ELMT, AFRM
AI leaders' calls to slow development pressured tech stocks and futures, while Oracle, Elmet Group, and Affirm responded to distinct company-specific catalysts.
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ES -0.6% NQ -1.5% RTY -0.4% AI-linked stocks see pressure after bosses of AI Cos. called for a slow down in the pace of its development ORCL: Executive Chair Larry Ellison cancelled his plan to sell $7.5bln of Oracle shares BWIN +7%: Michael Dell’s family office in advanced talks to take the BWIN private in a $7.7bln deal ELMT +48%: Gets $450mln DoW investment & up to $2bln Defense Logistics Agency contract AFRM +1.8%: Upgraded at Wolfe Research
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