Tech Down on Oracle AI Profitability Concerns — Tech Roundup

Shares of technology companies fell after one report hinted at the limitations of recent multibillion dollar AI infrastructure deals.

Oracle shares initially plunged following a report that the company has slim profit margins on AI cloud computing compared to the rest of its business.

Tesla shares fell after the electric-vehicle maker launched a stripped-down version of its popular Model Y sport-utility vehicle for less than $40,000.

Anthropic is working with International Business Machines to make its artificial-intelligence models available inside IBM's software, in an attempt at uniting the AI startup with an IT stalwart.

Dell Technologies raised its long-term financial targets, citing its ability to capitalize on surging demand for AI.

Write to Rob Curran at rob.curran@dowjones.com