Oracle's drop dragged other AI-related stocks lower, as well. Some of the worst performers on the Nasdaq 100 index included chipmakers such as Broadcom and Arm Holdings, which were both down around 5%. The Nasdaq Composite also slid more than 1.8%. The S&P 500 fell 1.2%.

The AI trade is unwinding — with investors increasingly worried about debt raising by companies like Oracle and CoreWeave used to finance AI data-center buildouts.

This AI giant is exiting 2025 with great momentum across all of its businesses.

CoreWeave, Inc. (NASDAQ:CRWV) is trading lower Wednesday, falling alongside artificial intelligence stocks following reports suggesting that Blue Owl Capital will not provide funding for a $10 billion Oracle data center.

The latest craze in the space business is the promise of orbital data centers, which could provide a solution to artificial-intelligence hyperscalers’ energy problem. A slew of companies stand to benefit.

With so many AI stocks to choose from, though, it can be tough to decide where to buy. For many investors, an AI-focused exchange-traded fund (ETF) can be a smart way to buy into this industry. An ETF is a collection of stocks bundled together into a single investment, making it easier to own multiple companies at once.

Despite Wednesday's drama, major indexes remain well in the green for the year that's coming to a close. The S&P 500's year-to-date gain is more than 14%, and the tech-heavy Nasdaq Composite's is more than 18%.