CNBC's "Fast Money" Broadcom, Oracle Lead Tech Lower, and Pot Stocks Light Up 12/12/25
Dec 12, 2025
Amidst market fluctuations, Broadcom and Oracle stumble due to concerns about AI investments. The potential reclassification of marijuana by Trump sparks optimism in pot stocks, while the panel debates the sustainability of the cannabis market amidst illicit competition. They also discuss Lululemon's leadership changes and Chipotle's expansion struggles. Caution is urged over tech valuations, with recommendations for profit-taking and diversification. Expect market shifts as the housing outlook remains steady in the face of rising sales.
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Oracle's Financing Fears
- Oracle's disclosed uptick in data center leases sparked concerns it may be strapped for capital and push into debt markets.
- That financing uncertainty is weighing on investor confidence and bond spreads for Oracle.
AI Spend Fatigue Hits Suppliers
- Broadcom and other AI suppliers face 'AI spend fatigue' as customers throttle back and demand evidence of returns.
- Margin pressure from custom AI chips and lower-margin units could compress expectations despite strong YTD gains.
Watch December And March Earnings
- If you want a clearer bottom in AI names, expect more earnings prints showing fundamental revenue and profitability.
- Gene Munster recommends watching December and March quarters to confirm the trade's durability.