This decline comes as the tech-heavy Nasdaq Composite<\/a> fell 1.81% overnight, dragged by losses in Oracle<\/a>, Broadcom, Nvidia and other AI plays. <\/p>\n The losses in Oracle came after the Financial Times reported on Wednesday that Blue Owl Capital’s plans to finance the cloud infrastructure company’s $10 billion Michigan data center had stalled. The company last week had\u00a0refuted a report<\/a>\u00a0that said it had delayed some projects for AI major OpenAI to 2028.<\/p>\n Tech-focused SoftBank has seen sharp volatility in its stock over the past month as fears over AI-related spending have gripped the market. <\/p>\n At the start of the year, the group had revealed plans to invest $500 billion in AI infrastructure<\/a> in the U.S. along with OpenAI, Oracle and other partners, and in September it announced five new U.S. AI data center sites under Stargate, OpenAI’s overarching AI infrastructure platform.<\/p>\n Stock Chart IconStock chart icon Other Japanese tech stocks also fell. Semiconductor equipment supplier Advantest<\/a>, dropped as much as 5%. Counterparts Lasertec<\/a>, Renesas Electronics<\/a> and Tokyo Electron<\/a> declined between 3% and 4%. <\/p>\n Jesper Koll, expert director at Tokyo-based financial services firm Monex Group, said much of what goes into data centers, power centers, and AI hardware enablers is “Made in Japan, and can only be made in Japan.” That makes Japanese tech, especially AI-related stocks more vulnerable to any worries around U.S. tech spending. <\/p>\n On Wednesday, Japan’s trade numbers showed that exports of electrical machinery jumped 7.4%, and semiconductor-related exports surged 13% year on year. Koll said the U.S.-led boom in tech spending was translating into growing exports of specialized machinery and equipment.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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