Major stock indices dipped more than half a percent and shares of artificial intelligence cloud providers Oracle, Nebius and CoreWeave fell 3% to 5% following #The Information report on challenges Oracle faces generating a profit from renting out Nvidia chip servers. Nvidia shares also sank into the red after trading up 2% before the report. According to the report, internal Oracle documents showed that renting out Nvidia chips to #Artificial Intelligence developers such as OpenAI generated a gross profit margin of 16% on average over the past year or so, lower than analysts had estimated and lower than many nontech businesses. The report showed Oracle is losing considerable sums on the newest Nvidia hardware, underscoring the lag between when new chips come online and when customers use them en masse. https://www.theinformatio..